GoKawiil
Tech News
Investors are increasingly scrutinizing whether the massive data center buildout tied to Anthropic and OpenAI's growth can continue at its current pace, given uncertainty around future AI model progress. Companies like Oracle, GE Vernova, Caterpillar, Vertiv, Nebius, CoreWeave, Dell and Hewlett Packard Enterprise have all made major bets tied to sustained AI infrastructure demand.
Rivian disclosed in a regulatory filing that CFO Claire McDonough will leave the company by the end of October to take a CFO role at GE Vernova and move closer to family on the East Coast. Vice president of finance Derek Mulvey will serve as interim CFO while Rivian searches for a permanent replacement, and the company said the exit does not stem from any internal disagreement.
Chris Malone, who led OpenAI's data center buildout since March 2025, has left the company, according to CNBC. Malone previously worked as a distinguished engineer on infrastructure at Meta and Google before joining OpenAI to help manage its roughly $600 billion compute spending plan through 2030. OpenAI says it has reorganized its infrastructure team and maintains strong leadership despite the exit.
Jim Cramer said on 'Mad Money' that rising political and community pushback over electricity and water use is slowing the unrestrained buildout of data centers, citing tighter demands from officials in Pennsylvania and Texas. He argued this won't kill the data center trade but will make smaller speculative developers and suppliers like GE Vernova, Micron, Sandisk, Western Digital and Seagate less attractive to investors at premium valuations.