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via finance.yahoo.comBusiness & Companies

Google to Spend $17 Billion on Wyoming Data Center After Voter Backlash

FROM THE WIRE · FINANCE.YAHOO.COM

(Bloomberg) -- Alphabet Inc.'s Google will spend $17 billion to build a data center in Wyoming, formally putting a price tag on the proposal two days after voters across the US delivered a broad rebuke to the development of such massive projects for artificial intelligence work.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe large AI infrastructure investment matters for power suppliers, but local data center restrictions are a risk.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Google will spend $17 billion to build a data center in Wyoming.
  2. 02The announcement came two days after US voters backed limits on data centers in 40 of 41 local ballot measures.
  3. 03In Texas, Democrat Gina Hinojosa won the governor's race after promising a data center moratorium.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alphabet Inc.GOOGLStock282.57 USDMarket closedtoday -2.20%Neutral American Electric Power Company, Inc.AEPStock126.83 USDMarket closedtoday -1.86%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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