Cathie Wood Says Data Centers Could Cut Electricity Bills by 40% and Create 5,000 Jobs

Cathie Wood () says AI infrastructure could deliver significant economic benefits to local communities if managed properly.
She highlights several potential benefits:
- Data centers could reduce electricity bills by 40% and create 5,000 jobs in a town of just 20,000 people.
- Well-managed AI infrastructure investments could generate substantial economic benefits for surrounding communities.
- In Virginia, home to the world's largest concentration of data centers, a local participant reported lower property taxes and other tax reductions.