Wall Street Has a Major Problem With AI Data Centers

""A lot of the commitments and the build-out of data centers where it's easy has kind of been done, so you're getting marginally more difficult," Morgan Stanley managing director Todd Castagno lamented to the NYT. "From a markets perspective, expectations might be, maybe not reset, but realigned with the fact that it's hard to put a couple trillion dollars in the ground in a short time.""

""The people who are trying to block or protest these things are much more well educated than they were before," Andy Cvengros noted, highlighting the increasing awareness and opposition to data centers."

Data centers are major energy consumers, accounting for about 4.4 percent of U.S. energy use, a figure projected to double or triple by 2028. Their energy consumption has led to increased electricity prices for residents, sparking public outrage and opposition to new data center constructions. This resistance is causing challenges for investors who anticipated rapid growth in AI-related markets. As awareness of data centers grows, public discontent increases, complicating future developments in the tech industry.

Read at Futurism