Allen Says AI Buildout Already Underway Will Continue
Channel: Bloomberg Television
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Read a transcript preview of “Allen Says AI Buildout Already Underway Will Continue” from Bloomberg Television, uploaded on 2026-11-05.
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Language: English (original, creator captions)
[0:00] This is a full on panic on Wall Street. You've been following results from this
[0:04] important midterm cycle. When you look at a state like Texas.
[0:08] Does the emergence of scrutiny actually change the I thesis that investors have
[0:14] been chasing now for a couple of years? Well, there's a lot of numbers that are
[0:18] circulating in the conversation, like the idea that in 40 state ballot
[0:22] initiatives, the anti I position one and all but one of them.
[0:26] Yes, that sounds bad. Until you find out that 18 of those were
[0:30] in Ohio. So we're counting the same thing again
[0:33] and again. The actual reality is that Governor
[0:36] Hinojosa, sorry, governor elect Hinojosa of Texas has said for the folks that
[0:41] already have a shovel in the ground, she's not going to get in the way.
[0:44] So this is not about the planned AI data center buildout that is already underway
[0:49] for the next year, 18 months, 24 months. That's going to continue, and that's
[0:53] going to bring tens of gigawatts of new AI compute capacity online.
[0:58] And when the AI models come online, the performance they're going to deliver is
[1:02] going to be jaw dropping and people are going to be clamoring for that.
[1:05] Why are we building all this capacity? It's because right now, the revenue of
[1:09] these companies is constrained by supply and their ability to actually serve.
[1:14] So the voters have said that they don't like the data center build out under the
[1:19] terms with which it was proceeding, which is like tax break