AI on the Ballot

The author argues that growing political and zoning opposition to AI data centers has become the primary constraint on AI dispersion, impacting markets, hyperscalers, Nvidia, China, and startups. Driven by voter discontent and local ballot measures, this permanent or semi-permanent friction may lead to longer-lasting compute scarcity and alter the trajectory of the AI boom. Meanwhile, underlying metrics from non-AI SaaS businesses show robust revenue growth. Open article →