里德观点 由AI相关股票引发的市场恐慌，似乎预示着美国中期选举将给科技行业带来灾难。但这并非全部真相。
Reed’s view The market’s freakout, driven by AI-related stocks, suggests a US midterm election that spells disaster for the tech industry. That’s not the full story.
首先，本周通过的40项地方和州级反数据中心措施，不会完全叫停建设，当然也不会影响最早要到2029年才上线的算力。这些措施主要要求科技公司提供让步和担保，而许多超大规模数据中心运营商和建设商早已在朝这个方向努力，例如提供廉价电力、学校资助，或分配股票以帮助分享财富。
For one, many of the 40 local and state anti-data center measures that passed this week won’t halt construction altogether and certainly won’t affect compute coming online until 2029, at the earliest. What they mainly do is require tech companies to offer concessions and guarantees that a lot of the hyperscalers and data-center builders were already moving toward anyway, such as by offering cheap power, school funding, or distributing stock to help spread the wealth.
尽管多位胜选的民主党候选人对数据中心和大型科技公司进行了相当程度的抨击，但我本周交谈的许多科技高管认为，这次投票是对左右两翼极端势力的拒绝——他们对此感到欣慰。他们表示，向中间靠拢可能意味着政府官员与科技行业之间将建立更富成效的关系，双方都不想搞砸这局面。民主党也不想引发衰退，他们清楚科技是经济的亮点。
Despite the fair amount of mudslinging at data centers and Big Tech from a number of victorious Democratic candidates, many of the tech executives I’ve spoken to this week see the vote as a rejection of the fringes on both the right and the left — and they’re relieved about that. A move to the center may mean more productive relations between government officials and the tech industry, they say, and neither side wants to screw it up. Democrats also don’t want to cause a recession, and they know tech is the economy’s bright spot.
当然，过去几年在政治方面，许多科技领袖确实犯了战术性错误。长期来看，支持单一候选人或单一政党总是错误之举。从总统家族拿钱或获得优惠政府合同的公司，将面临真正的审查。我们都认同，Meta的马克·扎克伯格向唐纳德·特朗普总统下跪的程度超出了必要，却几乎一无所获。
Sure, a lot of tech leaders made tactical blunders over the last couple of years when it comes to politics. Supporting a single candidate or a single party is always a bad move in the long term. Companies that took money from the president’s family or got sweetheart government contracts are going to face real scrutiny. We all can agree that Meta’s Mark Zuckerberg went further than he needed to in bending the knee to President Donald Trump, and got little for it.
但微软、苹果和Alphabet等公司在政治上大多打的是长线，不必做太大改变——它们与两党都保持着密切关系。它们明白政治版图总在变化，有时变化极快、极剧烈。一旦发生这种情况，你希望拥有尽可能多的朋友。
But companies like Microsoft, Apple, and Alphabet, which have mostly played the long game politically, won’t have to change much — they stayed close to both parties. They get that the political landscape is always changing, sometimes very quickly and drastically. And when that happens, you want as many friends as you can get.
值得注意的是，国家经济委员会主任凯文·哈塞特周五表示，数据中心建设将继续推进，即使选民已明确表示支持限制人工智能基础设施建设。
Notable The data center buildout will continue, National Economic Council Director Kevin Hassett said Friday, even after voters made clear they favor limits on AI infrastructure construction.