Siemens sees no AI slowdown despite Republican rout in US
Siemens said triple-digit data-center orders and 13% profit growth show demand remains strong as election-driven resistance raises costs and delays.
8 Articles
8 Articles
Siemens sees no AI slowdown despite Republican rout in US
Fears that Democrats could clamp down on data centre construction after seizing control of Congress hit stock markets worldwide last week. Speaking on an earnings call, Siemens CEO Roland Busch said the company was banking on the boom carrying on even if the elections had shown growing opposition to data centres. "There are discussions on the one side, on the other side there's bipartisan acknowledgment that a big driver of economic growth in th…
The architects of Donald Trump’s MAGA political agenda are blaming fears over artificial intelligence for the Republicans’ crushing defeat in last week’s midterm elections, highlighting a rift between the party and the Silicon Valley billionaires who funded its campaigns, the Financial Times reported.
Executives Who Shaped Trump Agenda Say Republicans Ignored Concerns About Artificial Intelligence – Rift With Silicon Valley Billionaires Who Funded the Party
Maga strategists blame AI data centres for Republican midterm rout
Democrat Scott Colom took Mississippi by 4,669 votes after campaigning to pause new data centres, while 40 of 41 data-centre ballot measures nationwide went against the industry. Morgan Stanley now expects tougher restrictions, which could slow builds for Nvidia, Vertiv and CoreWeave.
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