00:00It's Benzinga, bringing Wall Street to Main Street.
00:02America's billionaires are divided over the Democratic midterm sweep
00:06and its potential impact on artificial intelligence, according to CNBC.
00:11Richard Branson criticized the billions spent influencing elections,
00:15while Elon Musk's record political spending
00:18failed to secure Republican victories in key Texas races.
00:22Investors warned that Democratic opposition to data center construction
00:26could threaten the AI boom.
00:27LinkedIn co-founder Reid Hoffman criticized Elon Musk's political spending
00:32while defending his own contributions to Democrats
00:35and calling for campaign finance reform.
00:38AMD CEO Lisa Su acknowledged growing resistance to AI expansion
00:43and urged technology companies to demonstrate
00:46how data centers benefit local communities.
00:49Wall Street analyst Dan Ives estimated that 10% of planned U.S. data centers
00:54would no longer move forward.
00:56Wall Street rallied following the Democratic midterm victories on Wednesday.
01:00The Dow surged 3%, the S&P 500 gained 1.6%,
01:06and the Nasdaq rose 1.4% as investors welcomed political gridlock,
01:11reduced uncertainty, and Trump's willingness to accept the results.
01:15For all things money, visit Benzinga.com.
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