Patricia Cohen
👤 SpeakerAppearances Over Time
Podcast Appearances
So number one, what we know is that data centers, which they're building, use an enormous amount of energy.
So now the cost of energy is going up.
But secondly, they also require huge amounts of loans to build.
They're really expensive.
Just building these data centers.
Just building these data centers.
And so if interest rates go up, that means that the cost of building
borrowing money to build them goes up.
And what some Wall Street analysts have told me is that building these AI data centers, that's something that's very sensitive to interest rates increases.
And at least for Americans, remember, AI, these data centers have been driving the U.S.
They've been propping up the stock market.
They've been propping up the stock market.
And I think it's important to take a moment and say, you know, we're talking about the future and we are in an incredibly volatile period.
Things are so unpredictable.