Public opposition to data centers is emerging as a potential risk to the artificial intelligence investment boom. The outcome of the November 3 US midterm elections is likely to influence the regulatory environment surrounding the industry's rapid expansion, Reuters reported.
Artificial intelligence has been a key driver of the US stock market's four-year bull run, as major technology companies, including Alphabet and Amazon, continue to commit billions of dollars to developing data centers and other AI infrastructure. Spending on AI infrastructure is expected to exceed $1 trillion next year, supporting corporate earnings and investor optimism about the technology's growth prospects, Reuters reported.
