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UBS CEO warns US AI buildout could slow as data center spending hits record
UBS CEO Sergio Ermotti warned that the upcoming Democratic midterm election could slow the rapid AI buildout in the United States. He noted that spending on US data‑center construction has reached a record $96.5 billion annual pace. This level of spending is up 90 % compared with the previous year. While the sector has been booming, Ermotti cautioned that political outcomes may test the momentum. The comments were shared via BeInCrypto.