00:00It's Benzinga bringing Wall Street to Main Street.
00:02Yorkville Ives partner Dan Ives said political backlash against data center construction
00:07is the biggest threat to the AI technology build-out. Ives told CNBC that 1,000 to 1,500
00:15data centers are currently in motion across the U.S. to support hyperscalers and neocloud
00:20companies. However, community opposition is growing, with protesters in Austin calling
00:25for moratoriums and a $100 billion Virginia project recently scrapped. Ives estimates
00:3110% to 15% of proposed U.S. data centers could be canceled. He warned that higher cancellation
00:39rates could create capacity bottlenecks, raise costs for enterprise customers, and hurt software
00:44developers, hyperscalers, and neocloud companies. Ives called the next six to nine months critical
00:49for the AI build-out. For all things money, visit Benzinga.com.
