UBS CEO Warns of an AI Buildout Slowdown as Data Center Construction Hits a Record
Spending on US data center construction has never been higher, but the boom may face a test in Washington. UBS CEO Sergio Ermotti said that the Democratic midterm sweep may slow the AI buildout. That spending reached a $96.5 billion annual pace, up 90% from a year earlier. Those figures measure work done on projects…
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