The race to build AI infrastructure has come under sustained public scrutiny, not only over the technology itself but also the facilities that house its computing power and the companies that control them. The result has been moratoriums and projects delayed or cancelled around the world, with the most visible pushback in the US, the UK, Europe and, most recently, Australia. The scrutiny has moved beyond a public-relations issue: markets and regulators are now pricing it in as an investment risk
