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AI Buildout Demand Powers Strong Software Investment
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October 17, 2025
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30:40
3:57Now PlayingDan Ives, Global Tech Head: Wedbush Securities, discusses the acceleration of demand for semiconductors and how trade tensions between the US and China have impacted specific names in the sector like Nvidia.
The US risks falling behind on advancing artificial intelligence policy priorities, lawmakers and tech industry officials warn more than two weeks into the federal government shutdown.
The partisan impasse over fiscal 2026 spending has halted much of the Trump administration’s work on tech and cyber policy issues and stalled legislative efforts on AI for the past 16 days.
“Our economy, our security, our prosperity, are all going to be tied to AI advancement,” Sen. Todd Young (R-Ind.), a top lawmaker on AI policy, said in a hallway interview on Capitol Hill Thursday. “This is yet another reason why the Democrats should vote to open the government.”
President Donald Trump’s “AI Action Plan” calls for increasing federal AI adoption, promoting standards, and deregulation—all intended to bolster American technological leadership globally. Agencies responsible for carrying out those objectives don’t have funding to continue operations, and Congress has yet to move forward policies in support.
Both parties are trading blame for the spending impasse. Senators on Thursday failed to advance a House-passed continuing resolution to temporarily fund the government. Senate Minority Leader Chuck Schumer (D-N.Y.) said on the floor that Republicans are refusing to negotiate and insisting on a partisan funding bill that would increase costs for health care.
Senate Republicans now aim to advance full-year appropriations bills to fund the government long-term.
“We need to end the shutdown, get back to regular order, and get the appropriations passed,” Sen. Mike Rounds (S.D.), a top Republican on AI issues who sits on the chamber’s appropriations committee, said in a hallway interview. “You can’t do a good job of putting the resources into the right locations to advance AI if you’re not doing appropriation bills.”
OpenAI said that Oracle Corp. has been helping the fast-growing startup expand the build-out of its data centers outside the US, including by dealing with export controls on chips for artificial intelligence work.
“Oracle has kind of become our one-stop-shop for any country,” Peter Hoeschele, OpenAI’s infrastructure chief, said Wednesday during Oracle’s annual conference. The company understands “our internal security standards” and the policy requirements for OpenAI’s projects, he said.
In addition to massive infrastructure commitments in the US, OpenAI has explored data center plans in countries including the United Arab Emirates, Argentina and Norway.
The US government has placed restrictions on sending cutting-edge semiconductors for AI to some countries. The Trump administration recently approved several billion dollars’ worth of Nvidia Corp. chip exports to American customers including Oracle Corp. for use in projects in the UAE.
OpenAI has announced a variety of multibillion-dollar partnerships with Oracle and other companies, including chipmakers Nvidia, Advanced Micro Devices Inc. and Broadcom Inc., to increase the supply of chips and data centers to support its AI software. Those deals have raised concerns among some investors that the spending pledges are based on aggressive growth outlooks and novel financing that may not come to fruition.
Since beginning to work together last year, Oracle and OpenAI have struck agreements for more than 5 gigawatts of AI data center capacity — or enough to power roughly 4 million American homes on average. The deals position OpenAI to be Oracle’s largest customer by far. OpenAI has been diversifying its suppliers of computing needs beyond Microsoft Corp., which is also an investor.
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