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OpenAI chief financial officer Sarah Flair said on Friday that the company will continue to advance its US data center expansion plans despite this week's Democratic midterm elections raising concerns about stricter scrutiny of AI infrastructure. The US stock market evaporated about $2.5 trillion on Thursday due to fears that the Democratic Party's sweep of the midterm elections might slow the construction of facilities critical to the AI boom, and investors are weighing the impact of the chip, cloud, and networking industries, which have been the biggest beneficiaries of the spending frenzy. However, there are signs that tech giants are committed to data center expansion plans despite growing opposition. Google said on Thursday it will invest $17 billion to build its first data center in Wyoming.
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OpenAI chief financial officer Sarah Flair said on Friday that the company will continue to advance its US data center expansion plans despite this week's Democratic midterm elections raising concerns about stricter scrutiny of AI infrastructure. The US stock market evaporated about $2.5 trillion on Thursday due to fears that the Democratic Party's sweep of the midterm elections might slow the construction of facilities critical to the AI boom, and investors are weighing the impact of the chip, cloud, and networking industries, which have been the biggest beneficiaries of the spending frenzy. However, there are signs that tech giants are committed to data center expansion plans despite growing opposition. Google said on Thursday that it will invest $17 billion to build its first data center in Wyoming.
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