AI stocks slide as Texas governor result raises data center risks

Shitty-kitty

To a public already apprehensive about what A.I means for their jobs and their future, the shady and irresponsible way the industry went about the Datacenter build-out convinced them that the industry is not to be trusted. Can't say I blame them. If they don't get their act together, datacenters will be the least of their worries. With what happened today, many Republicans will be thinking twice about standing in the way of choking regulation.

Spivak

It will be interesting to see if and how people who campaigned on broad "anti-datacenter" platforms actually make it happen. I imagine it's easy to take a stance but getting the real political capital together, especially as a governor who will almost surely need their legislature, when it means turning down jobs—few as the ongoing ones might be—and real economic development. I hope it works because it potentially sets a precedent and maybe a legal framework for a state to actually say "we don't want this kind of business here" for things that aren't just data centers.

lakeviewterrace

Yeah don't hold your breath. The heavy anti-datacenter campaigning was primarily aimed at scaring votes out of old people and other low-information voters, and was largely successful. With that mission accomplished it's back to business as usual. I personally observed old ladies gossiping at the polls. A lot of them don't even know what data centers are, just that they are bad and will steal their electricity and make their arthritis worse. All politicians regardless of party are bought and paid for. Literally every instance I've seen where the angry townspeople fought against a data center, the town council unanimously ruled against them without a vote, like the kangaroo court in The Godfather Part 2.

ZeroGravitas

Why do AI stocks rely on corrupt assholes being in charge? Seems like a moment for "are we the baddies?" style reflection.

small_model

Let's hope China are benevolent world superpower, looks like they will win the AI race now with Dems grinding the US build out to a halt.

schnitzelstoat

Loudoun County, Virginia is about to get even richer.

ck2

however Florida went nearly 100% maga across all seats so basically wall to wall datacenters and ice-prisons inbound they don't have to worry about global warming, they'll waive diesel generator permits or maybe even start new coal plants for them also charter-schools, new Governor is on his way to becoming a billionaire from "managing" them

ghtbircshotbe

Musk: "Guess my election-interfering space lasers didn't work this time" Joking about how you just spent half a billion dollars trying to undermine American democracy (no less as someone with citizenship in 3 countries) is not a great look