OpenAI to Press Ahead with Data-Center Expansion Despite Midterm Sweep: Report
- On Friday, OpenAI Chief Financial Officer Sarah Friar affirmed the company will continue investing in data centers despite voter backlash, stating the midterm elections did not alter the company's IPO plans.
- Voters in 10 states rejected data center development in 40 of 41 local ballot questions, while Democratic candidates flipped governorships in Texas, Georgia, and Ohio on platforms promising tighter facility scrutiny.
- OpenAI announced a 'compact' on Thursday to improve community relations, pledging to pay for grid improvements, publish site-level usage data, and eliminate non-disclosure agreements with public officials.
- Fears that the Democratic sweep might slow infrastructure construction wiped about $2.5 trillion off the U.S. stock market on Thursday, as the Nasdaq posted its worst single-day drop in 19 months.
- Despite the political climate, OpenAI reported 70% revenue growth in the third quarter and remains committed to pursuing an initial public offering sometime next year.
25 Articles
25 Articles
OpenAI Hears Voters’ Overwhelming Rebuke To Data Centers, Vows to Build More of Them
The “blue tsunami” that swept over the midterm elections made it clear that voters are sick of tech billionaires meddling in politics, opposed to data center construction, and deeply suspicious of the AI industry. But OpenAI chief financial officer Sarah Friar apparently didn’t get that memo. In an interview with CNBC on Friday, she vowed that OpenAI would keep pouring money into data center construction so it can please its corporate customers …
OpenAI to press ahead with data-centre expansion despite midterm sweep, CFO says
OpenAI will press ahead with its US data-centre expansion plans despite a Democratic midterm sweep this week that has fuelled fears of tighter scrutiny of the facilities, its Chief Financial Officer Sarah Friar told CNBC
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Despite the confirmation of backlash against artificial intelligence (AI) data centers in the U.S. midterm elections, OpenAI's top executives...
OpenAI to press ahead with data-center expansion despite midterm sweep, CFO tells CNBC
OpenAI will press ahead with its US data-center expansion plans despite a Democratic midterm sweep this week that has fueled fears of tighter scrutiny of the facilities, its Chief Financial Officer Sarah Friar told CNBC in an interview on Friday.
OpenAI remains committed to expanding its infrastructure to serve artificial intelligence, despite US voters overwhelmingly rejecting the construction of new data centers in the midterm elections. Sarah Friar, the AI company’s CFO, confirmed to CNBC that it will continue to raise capital to meet growing customer demand as the company prepares for an initial public offering next year.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
