OpenAI Chief Financial Officer Sarah Friar said on Friday that the company will continue to advance its U.S. data center expansion plans, despite concerns that the Democratic midterm elections could trigger stricter scrutiny of AI infrastructure. On Thursday, approximately $2.5 trillion was wiped off U.S. stock markets amid fears that a Democratic sweep in the midterm elections could slow construction of key AI facilities. Investors are assessing the impact on the chip, cloud, and networking sectors—the biggest beneficiaries of the spending boom. However, signs indicate that despite growing opposition, tech giants remain committed to data center expansion. Google announced on Thursday that it will invest $17 billion to build its first data center in Wyoming.
