We're not 'hitting the handbrake' on AI data centers: Affirm CEO Max Levchin

Yahoo Finance · Brian Sozzi · 2026-11-06 16:03 UTC

Tech veteran and Affirm co-founder and CEO Max Levchin says it makes sense to keep the AI boom going.

Tech veteran and Affirm (AFRM) co-founder and CEO Max Levchin says it makes sense to keep the AI boom going.

"I think we've been teetering on this 'will they, won't they' AI capex for a little while, and the current bet is they won't. I think that's wrong," Levchin said on Sozzi Unleashed. "We will find a place to build the data centers. We will, we should, and we must make sure that the communities are not just unaffected but actually beneficiaries of these data centers. But we're not going to be hitting the handbrake and saying, 'You know what? Let's go back to the dark ages. We do not want a solution for cancer. Like we just don't.'"

The markets are on edge over fears that a slowdown in data center build-outs will upset the profit boom of the world's biggest companies — all of which are in tech.

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