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Jon Keegan

Sen. Sanders and Rep. Ocasio-Cortez introduce data center moratorium bill

Tapping into the growing public pushback surrounding the data center construction boom, Sen. Bernie Sanders, I-Vt., and Rep. Alexandria Ocasio-Cortez, D-NY, have announced The AI Data Center Moratorium Act of 2026. The bill calls for a halt to new data center construction until federal legislation regulating AI is enacted.

Lawmakers in at least 11 states have proposed pauses on data center construction, according to the National Conference of State Legislatures.

In addition to halting new data center construction, the bill also calls for banning the export of advanced AI chips to countries that lack regulations that protect against harms from AI.

In a press release, Ocasio-Cortez said:

“Congress has a moral obligation to stand with the American people and stop the expansion of these data centers until we have a framework to adequately address the existential harm AI poses to our society. We must choose humanity over profit.”

Heading into the midterm elections, data centers are starting to emerge as a political issue following a growing list of projects that have been scuttled due to community opposition. President Trump has pushed AI companies to voluntarily pledge to “pay their way” for the massive energy requirements of data centers.

Lawmakers in at least 11 states have proposed pauses on data center construction, according to the National Conference of State Legislatures.

In addition to halting new data center construction, the bill also calls for banning the export of advanced AI chips to countries that lack regulations that protect against harms from AI.

In a press release, Ocasio-Cortez said:

“Congress has a moral obligation to stand with the American people and stop the expansion of these data centers until we have a framework to adequately address the existential harm AI poses to our society. We must choose humanity over profit.”

Heading into the midterm elections, data centers are starting to emerge as a political issue following a growing list of projects that have been scuttled due to community opposition. President Trump has pushed AI companies to voluntarily pledge to “pay their way” for the massive energy requirements of data centers.

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OpenAI employees are cashing out their shares, dozens making $30 million each

OpenAI’s planned IPO later this year is expected to be one of the largest of all time. Employees who got equity early on are sure to reap a windfall when the company shares hit the public markets.

Often these pre-IPO shares can’t be cashed in until the company goes public, and many startups have longer lockup periods before employees can sell their shares.

But The Wall Street Journal reports that OpenAI has a relatively short two-year vesting period, and the company allowed employees to sell shares before the IPO via a tender offer, as long as they’ve reached the two-year mark.

According to the report, in October, more than 600 current and former OpenAI employees sold shares through this process, minting a cluster of new multimillionaires. The Journal said about 75 of those walked away with $30 million (the maximum sale amount for this offer).

But The Wall Street Journal reports that OpenAI has a relatively short two-year vesting period, and the company allowed employees to sell shares before the IPO via a tender offer, as long as they’ve reached the two-year mark.

According to the report, in October, more than 600 current and former OpenAI employees sold shares through this process, minting a cluster of new multimillionaires. The Journal said about 75 of those walked away with $30 million (the maximum sale amount for this offer).

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Intel pops on reported Apple chip deal

Intel soared more than 14% on a Wall Street Journal report saying the company has reached a preliminary agreement with Apple to manufacture chips for the iPhone maker. Intel, already on a tear as of late, jumped earlier this week when Bloomberg first reported the two companies were in talks. It’s still unclear which chips Intel would manufacture for Apple, which has been facing supply constraints for its iPhone as well other products.

In any case, the deal could help Apple ease supply constraints that have hit some of its products and reduce its reliance on longtime partner TSMC, as it aims to bring more chip manufacturing stateside.

In any case, the deal could help Apple ease supply constraints that have hit some of its products and reduce its reliance on longtime partner TSMC, as it aims to bring more chip manufacturing stateside.

Microsoft CEO Satya Nadella (R) greets OpenAI CEO Sam Altman during the OpenAI DevDay event

Emails show Microsoft wasn’t impressed by OpenAI’s early work, but wanted to keep it from Amazon

OpenAI wanted further Azure computing discounts, but Microsoft didn’t think it was on the verge of a breakthrough.

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