Former Goldman Sachs CEO Slams 'Current Hysteria' to Block AI Data Centers, Calls it a 'Gift to…

Benzinga · Namrata Sen · 2026-11-06 12:50 UTC

Former Goldman Sachs CEO calls data center bans a 'Gift to China' as Moorhead warns the U.S. could lose jobs and tax revenue.

Former Goldman Sachs CEO Lloyd Blankfein said that data center construction could rebuild U.S. industrial capacity, while warning that broad opposition may benefit China.

Blankfein posted on X on Thursday, arguing that decades of declining U.S. industrial capacity have hurt the middle class and, to some extent, national security. He said data center development and American leadership in AI could reverse that trend.

Blankfein called “current hysteria” to block data center projects nationwide "a gift to China."

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