Cathie Wood Says AI Companies Misjudged Local Opposition to Data Centers

ARK Invest CEO Cathie Wood said AI companies made a misstep during the infrastructure boom by rushing to build data centers without adequately accounting for local politics and community concerns.
According to Wood, developers assumed the promise of high-paying jobs and higher tax revenue would secure community backing, causing them to underestimate the resulting public backlash.
She noted that the issue has gained significant political traction, pointing to Florida, where election advertising heavily targeted data centers even though the state currently has no large-scale facilities.