OpenAI to Continue Data Center Investment Regardless of Midterm Election Results

OpenAI CFO Sarah Friar said Friday the company will continue investing in AI infrastructure despite voter opposition to data centers in Tuesday's midterm elections, citing ongoing customer demand. Friar stated at the Citi TMT Leadership Summit that OpenAI will maintain capital raising and partnerships with hyperscalers. Voters in 41 local ballot measures across 10 states supported stricter regulations or rejected development proposals, driven by environmental and cost concerns. The Nasdaq fell sharply Thursday on AI infrastructure stock declines before partially recovering Friday. OpenAI is considering a 2027 IPO and reportedly negotiating a funding round at a $1.25 billion pre-money valuation.