Al Jazeera · Fri 6 Nov

Friday 6 November

Tech firms suffer bloodbath as US midterms fuel AI fears

AI-generated summary Asian technology firms suffered significant losses on Friday as investors reacted to a collapse on Wall Street driven by fears of increased regulation of the artificial intelligence industry following the US midterm elections. Seoul and Tokyo experienced heavy selling while companies including SK hynix, Samsung, SoftBank, and Tesla faced market pressures amid concerns over data centre opposition and political developments.

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Data centers took a beating in the midterm elections

AI-generated summary Midterm election outcomes suggest a tougher regulatory environment is expected for artificial intelligence giants and data center developers. OpenAI published a framework enumerating new commitments to communities where it develops data centers.

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Earlier: After the midterms, a bigger clash over data centers could be coming