Bessent Blasts US Hyperscalers for Failure to Tout AI Benefits

US Treasury Secretary Scott Bessent criticized companies increasing AI investment, arguing they have not built relationships with local communities as concerns grow that data centers are raising the cost of living. The remarks imply potential political/regulatory pressure on AI data-center expansion, adding a cautious tone for the sector. While no specific policy was announced, the public backlash could affect near-term sentiment around AI infrastructure growth.