Trump’s midterm drubbing demonstrates the power of data center opponents
Investors say the artificial intelligence boom that has propelled U.S. economic growth and stock markets could slow down.
Data center opponents emerged as major victors in the Democrats' sweeping win during the U.S. midterm elections, according to reports from Hong Kong and London. Analysts attribute the surge to a changing public sentiment surrounding artificial intelligence and anticipate a potential slowdown in the growth that has fueled U.S. economic expansion and stock market gains.
The extent of the Democratic surge was still unfolding as of Wednesday. However, in gubernatorial contests in Texas and Georgia, Democrats who emphasized a ban on data center development secured positions previously held by the party for decades. These triumphs empower opponents of the projects, which are central to the AI boom but have gained notoriety for being noisy, water-intensive, power-hungry, and increasingly unpopular among local communities, investors noted.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.