Anthropic IPO to flag data-center backlash as risk, sources say

Public sentiment is running the other way. A Gallup survey published in May found seven in 10 Americans opposed AI data-center construction in their area, with close to half "strongly opposed." Roughly a quarter of those surveyed were in favor, Gallup said.

With midterm elections less than three months away, politicians on both sides have pushed back on data-center development, reflecting constituent anger. The issue featured in Florida's Republican gubernatorial primary Tuesday, won by Rep. Byron Donalds, who has proposed restrictions on data centers in Florida. The same day, Pennsylvania Democratic Gov. Josh Shapiro signed an executive order imposing harsh standards on data-center development in his state.

Companies must disclose risk factors in their prospectus as investor protections and legal disclosures. SpaceX wrote in its risk factors that "adverse global macroeconomic and geopolitical conditions may negatively affect our business, financial condition, results of operations and future prospects."

Compute capacity is directly correlated to revenue for AI labs like Anthropic, which is valued at close to $1 trillion in the private market. A slowdown in data-center construction could dent the historic growth rate for a company that recently topped a $65 billion annual revenue run rate, as CNBC previously reported.

– CNBC's Ashley Capoot contributed to this report.