OpenAI to Press Ahead with Data-Center Expansion Despite Midterm Sweep: Report
Sarah Friar said the company will keep funding AI infrastructure as voters in 10 states backed limits on data centers in 40 of 41 ballot questions.
- 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.
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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.
OpenAI CFO says blue tsunami 'didn't dramatically change' IPO plans
OpenAI CFO Sarah Friar said the AI giant will continue to invest in data centers.Paulo Nunes dos Santos/Bloomberg via Getty ImagesOpenAI says it isn't changing its plans after the 2026 midterms.CFO Sarah Friar said the company will keep investing in data centers.Across the country, Democratic candidates who pledged to rein in the AI industry were successful.The 2026 midterms haven't changed OpenAI's IPO plans, OpenAI chief financial officer Sara…
OpenAI will keep investing in AI data centers despite election results, CFO tells CNBC
Sarah Friar, CFO of OpenAI, tells CNBC that the company will maintain investments in AI data centers even after voters reject measures
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