Forget the House and the Senate, the economy may hinge on state and local races in the midterm elections

Data centers have emerged as a national issue during this midterm election cycle, and candidates for the House and Senate have seized on it in their campaigns. But state and local officials actually have more sway over data center construction and energy infrastructure, so the winners of lower-profile races may hold the economy’s future in their hands. Hyperscalers have been spending hundreds of billions of dollars a year, with forecasts for 2027 topping $1 trillion. JPMorgan has estimated AI-related investment was responsible for about one-fifth of GDP growth over the past year.

Source: Fortune Crypto