CoreWeave’s CEO says data center backlash isn't scaring off AI giants
"There has absolutely not been any reduction in orders," CoreWeave CEO Michael Intrator told "Squawk On The Street."
CoreWeave CEO Michael Intrator remains unfazed by the backlash against data centers. Intrator stated that moratoriums and regulations will merely prompt companies to relocate operations to more accommodating communities. He emphasized that the demand for data centers continues to rise, with the primary question being where they should be built.
CoreWeave, an AI cloud provider formerly involved in crypto mining, is one among a few companies potentially impacted by nationwide restrictions on data centers. New York's recent moratorium on large-scale data centers, along with tax incentive cuts proposed by other governors, have fueled such concerns. President Trump also endorsed data centers, emphasizing their positive impact on local communities, following a private lunch with tech leaders.
However, a recent poll revealed that over 65% of registered voters oppose data center construction in their neighborhoods, potentially posing a risk for companies like CoreWeave. Intrator highlighted the importance of being good neighbors in communities where such facilities are located.
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