OpenAI will keep investing in data centers despite results of midterms - CFO - Yahoo! Finance Canada
By Google News AI ·
Investing.com -- OpenAI will continue to invest in artificial intelligence infrastructure despite voter opposition to data centers in Tuesday's midterm elections, CFO Sarah Friar said Friday.
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"When I think about the midterms, I need to keep thinking about how do we keep investing to meet that customer demand," Friar told CNBC's Sara Eisen at the Citi TMT Leadership Summit in Pebble Beach, California. "It starts early with having built relationships with all of the hyperscalers, and it will continue to mean that we raise capital."
Voters rejected data center development across the country on Tuesday. Out of 41 local ballot measures across 10 states, voters backed restrictions or rejected pro-development measures in all but one, according to an analysis by Ballotpedia and additional results gathered by CNBC on Wednesday. Americans grew worried about potential environmental harm, higher utility bills and job loss.
The Nasdaq on Thursday posted its steepest drop in 19 months, led by declines in chipmaker and neocloud company shares tied to AI buildout. The stocks recovered partially on Friday.
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Friar said the election results did not dramatically change anything for OpenAI. The company published a policy blueprint and commitments on Thursday that it pledged to apply to company-owned and operated data centers in the future.
"If the midterm means more focus on data centers and communities, we're going to keep doing the work to get into those communities and to…
Originally published by Google News AI
