OpenAI says it will continue data-center expansion after midterm backlash

AI · First reported 6 Nov, 16:57 · Updated 17:01

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OpenAI CFO Sarah Friar says the company will keep investing in U.S. data centers and raising capital despite election-related opposition and market concerns. The company also says it will share construction plans with residents and stop using nondisclosure agreements with public officials in discussions about future sites.

Sarah Friar said OpenAI will continue investing in data centers to meet customer demand, despite voter opposition and concerns about greater scrutiny after the midterm elections.
OpenAI said it would stop using nondisclosure agreements with public officials in discussions about future sites and give residents access to construction plans and potential effects.
CNBC reported that voters supported restrictions or rejected pro-development measures in all but one of 41 local ballot measures across 10 states.
Friar said OpenAI was raising capital; CNBC reported that an initial $11 billion portion of a funding round had closed, with up to $9 billion more potentially to come.
The coverage also notes investor concerns about AI-related stocks and reports that Alphabet-owned Google plans a $17 billion data-center investment in Wyoming.

Summary written by Lux AI from 4 articles

Key facts

OpenAI executive: Sarah Friar, chief financial officer.
Local ballot measures: Voters backed restrictions or rejected pro-development measures in all but one of 41 measures across 10 states, according to CNBC’s analysis.
Reported funding: An initial $11 billion portion of OpenAI’s funding round had closed; the company could raise up to another $9 billion.
Community commitments: OpenAI said it would provide residents construction plans and stop using nondisclosure agreements with public officials in future-site discussions.
Google investment: Google said it would invest $17 billion to build its first data center in Wyoming.