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Kevin O'Leary's $115B AI data center projects face local opposition and supply challenges.

Market News
04 May 2026
Stjepan Kalinic
Neutral
pluang ai news

Kevin O'Leary is investing $115 billion in large AI data center projects in Utah and Alberta, aiming to build massive infrastructure to support AI growth. The Utah project, called Stratos, plans to generate 9 GW of power but faces local opposition due to environmental concerns, especially water use amid drought conditions. In Alberta, the project benefits from natural resources but still requires permits from local authorities. Additionally, the AI infrastructure boom faces a supply bottleneck as hardware makers invest less aggressively than cloud giants, potentially limiting project completion despite funding and approvals.

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