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Data centers played a key role in last year’s elections in certain states, including Georgia and Virginia, and are factoring into other races playing out across the country this month. A recent poll conducted by Heatmap News shows that fewer than 30 percent of American voters would support a data center being built near where they live. A number of states have introduced moratoriums on data centers into their state legislatures this year, while others have bills that would seek to help offload the cost from the consumer to the companies building and operating the facilities.
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Some investors have equated the AI threat to the much-hyped but slow-to-materialize disruption of self-driving cars. However, BofA draws a sharp distinction. While transitioning to autonomous vehicles will require trillions of dollars in infrastructure and take many years, deploying large language model chatbots is cheap, easy, and happening right now. As an example, the report points to Munich Re’s Next Insurance, which already offers an AI chatbot on its site where customers can purchase and bind commercial policies directly without a human agent.