AI deny, deny, deny

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Mr happy talk weights in.

Data center double-down: Hassett says blue wave won’t stop AI build-out

National Economic Council Director Kevin Hassett said Friday he expects data center growth to continue as projected, despite the blue-wave election that saw voters overwhelmingly favor limiting the tech infrastructure buildout.

“We respect the localities that decide that’s what they want to do,” Hassett said. “But America is a big place, and right now, the data centers scheduled over the next couple of years aren’t affected by these ballot initiatives.”

cnbc.com - Data centers AI elections hassett

OpenAI will keep investing in AI data centers despite election results, CFO tells CNBC

OpenAI CFO Sarah Friar on Friday said the company will continue to invest in artificial intelligence infrastructure, even after voters strongly opposed data centers during Tuesday’s midterm elections.

“When I think about the midterms, I need to keep thinking about how do we keep investing to meet that customer demand,” Friar told CNBC’s Sara Eisen in an interview at the Citi TMT Leadership Summit in Pebble Beach, California. “It starts early with having built relationships with all of the hyperscalers, and it will continue to mean that we raise capital.”

cnbc.com - Open AI data centers election

The AI ‘credit card’ is getting costlier as CoreWeave bond yield tops 16%

Debt markets are sending a message to AI data center builders: we’re hiking the interest rate on your credit card and may put some new curbs on your credit limit.

That analogy comes courtesy of Jefferies global head of equity strategy, Christopher Wood, who put it in a note on Friday: “The most plausible way the AI capex arms race will end is that the credit card will be taken away.”

cnbc.com - Coreweave bond yield tops as AI credit stress rises

And if the banks do take the "credit card" away, the Trump regime will borrow Trillions more for them. If anyone gets twitchy about the government's debt, they'll take more away from the Proles, because "must not burden the JCs".

Steve

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