OpenAI, Arm and Qualcomm executives react to post-midterm AI sell-off

Summary

Tech executives including Arm CEO Rene Haas, OpenAI CFO Sarah Friar and Qualcomm CEO Cristiano Amon downplayed fears that data center constraints would hurt their businesses after a post-midterm sell-off. The sell-off followed a Democratic sweep of Congress and investor worries about slower data center build-out, with the "Magnificent Seven" losing over $1 trillion in aggregate market cap. Friar said OpenAI will keep investing in data center infrastructure and focus on community concerns, including electricity.

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