OpenAI will keep investing in AI data centers despite election results, CFO tells CNBC
Source: CNBC ·
Voters across the country on Tuesday voiced their support for candidates who have pledged to place restrictions on data center development.
From the source
OpenAI CFO Sarah Friar on Friday said the company will continue to invest in artificial intelligence infrastructure, even after voters strongly opposed data centers during Tuesday's midterm elections. "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 in an interview 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." 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. Opposition to the facilities mounted swiftly over the summer as Americans grew worried about their potential to harm the environment, raise utility bills and contribute to job loss. Investors have turned skeptical…
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