OpenAI says it will continue to advance its U.S. data center expansion plan
OpenAI Chief Financial Officer Sarah Friar said on Friday that the company will continue to advance its U.S. data center expansion plan despite concerns that the Democratic midterm elections have raised the prospect of stricter scrutiny of AI infrastructure. On Thursday, U.S. stocks lost about $2.5 trillion on concerns that construction of related facilities would slow. Google said on Thursday that it will invest $17 billion to build its first data center in Wyoming.
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Amid concerns that the midterm elections will trigger scrutiny of AI infrastructure and a single-day loss of about $2.5 trillion in U.S. stocks, statements from OpenAI and Google show that the expansion is still continuing.
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OpenAI Chief Financial Officer Sarah Friar said on Friday that the company will continue to push forward with its U.S. data center expansion plans, despite concerns that this week's Democratic midterm elections have raised about stricter scrutiny of AI infrastructure. On Thursday, about $2.5 trillion was wiped off U.S. stock markets as investors weighed the impact on the chip, cloud and networking sectors—the biggest beneficiaries of the spending boom—over fears that a Democratic sweep in the midterms could slow construction of facilities critical to the AI boom. However, there are signs that despite growing opposition, tech giants remain committed to data center expansion plans. Google said on Thursday that it will invest $17 billion to build its first data center in Wyoming.