Goldman Sachs CEO David Solomon said on Tuesday it would be interesting to watch for political volatility around AI centers ahead of midterm elections.
\n\nSpeaking at an analysts' call for quarterly earnings, he also said as the financing needs for AI projects grow and there is pressure on rates, it could affect the returns and the viability of certain projects.
\n\n"Localized political volatility around data centers. You know, we've got an election coming up. It'll be interesting to see," Solomon said.
\n\n"Obviously there's a lot of political discussion coming into an election, but then you also have to see how states and localities act coming out of elections. All these things can create you know volatility, and there's uncertainty around them."
\n\nData centers, which provide the computing power needed to train and run AI models, have faced growing opposition from communities across the United States.
\n\nResidents have raised concerns about their rising electricity demand, the potential for higher utility bills and other environmental impacts on local communities.
\n\nThe artificial intelligence buildout is on track to require a larger share of U.S. output than the rollout of electricity, railroads, interstate highways or the internet, with an increasingly complicated financial structure that…
Original source: https://www.cnbctv18.com/technology/
