NY Governor Kathy Hochul on Her One Year Data Center Moratorium

Now a message from Meta. Meta is launching America's Workforce Academy. The program offers paid training, a job, and a path to America's future because the future is for everyone. Learn more at meta.com/america's workforce academy. The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across HR, IT, and procurement processes, we've reduced cost by millions, slashed repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM. When you're running a business, the best days are the ones where priorities stay on track. For mid size and large companies, risk can affect multiple parts of the organization at once, from property and liability to cyber and regulatory challenges. At that level, managing risk becomes an ongoing discipline. At The Hartford, the focus is on helping businesses manage risk before it turns into something more disruptive. And when losses do happen, that work is paired with insurance coverage shaped by years of underwriting, risk engineering, and claims experience. Learn more at thehartford.com/riskmitigation. Policies provided by Hartford Fire Insurance Company and its property and casualty affiliates, Hartford, Connecticut. Bloomberg Audio Studios. Podcasts, radio, news. Hello, and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. And I'm Tracy Alloway. So, Tracy, big news in New York state today. We know there's been a lot of AI politics, a lot of data center backlash. I wasn't really expecting it, but New York's, New York state becoming the first state to institute a formal data center moratorium, at least for one year. Yeah. So this is really interesting. Governor Kathy Hochul just announced this, and it comes hot on the heels of there was another attempt in Maine to do something similar, but that ultimately got vetoed by the governor there. So it's really interesting that New York is, I guess, like, stepping up and maybe trying to create a template for other states to do this. Yeah. And it's interesting because, like, the one question is, does this become a ban? Right? Because we know there are a lot of people that would just like to see like, anti data center politics is very popular. On the other hand, you know, it's interesting. I saw a story. I saw a headline recently. You know? In some states, there are still tax breaks. Like, they're trying to invite, data center companies. New York still has tax breaks too. And so yeah. And it's so it's interesting because we see all these stories about, like, oh, there's a compute scarcity, etcetera, and yet, evidently, there's still this competition. But, basically, data center politics are, like, really in flux. Absolutely. Also, one of the rare areas of bipartisan agreement nowadays, it seems. If you're in the AI industry, you …