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Data center double-down: Hassett says blue wave won't stop AI build-out
CNBC • • business
Key Points:
- National Economic Council Director Kevin Hassett expects data center growth to continue as projected despite widespread voter support for restricting their development in recent state ballot measures.
- Hassett noted that while many states voted to limit data centers, the facilities planned for the next few years remain unaffected, and growth will continue in states with more favorable policies.
- He expressed optimism that even states currently hostile to data centers may change their stance as the economic benefits become clear over time.
- Hassett attributed a recent tech market decline to uncertainty about political impacts on data center expansion but remained positive about the overall economic outlook.
- Former President Trump reaffirmed his strong support for AI and data centers, promoting them as valuable economic assets despite midterm election setbacks.
