Whether the US Democratic Party can break the AI bubble remains to be seen
2026-11-05 19:11:46
According to CoinMeta, control of Congress by the Democratic Party could create new obstacles to the $730 billion in AI infrastructure spending by large tech companies. Newly elected Democratic governors have pledged to stop data center construction; Gina Hinojosa of Texas hopes to immediately suspend and end tax incentives for data centers, Amy Axton of Ohio wants to pause construction until developers meet specific conditions, Keesha Lance Botes of Georgia wishes to halt new constructions across the state, and Jocelynn Benson of Michigan hopes to pause before new rules are implemented. In Congress, Democrats have proposed a national data center suspension bill. Representative Asimina Ansari stated that suspending advanced AI and banning artificial superintelligence must become a top priority for the Democrats. Local voters also support restrictions on data centers, with 38 out of 39 votes in favor. The construction of data centers is crucial for AI prosperity, as the United States possesses 55% of the world's AI computing power. Goldman Sachs expects the U.S.'s computing power to grow from 64GW in 2026 to 90GW in 2027, but about 45% of the planned data center capacity is located in states that are considering stricter regulations.
Bullish 0
Bearish 0
Source:X
This content is for market information only and does not constitute investment advice.