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Automatically translated version. May contain inaccuracies compared to the original.
🌐 WE WARNED. NOW THESE ARE BILLS
When the market celebrated after the elections, we wrote that this is a new problem for artificial intelligence. The next day the market crashed. Another day later Reuters reported that the Democrats are preparing a whole wave of laws against the uncontrolled AI boom.
Remember how it happened. 4 November the Democrats take Congress, the market cheers, and we write: the problems haven't disappeared, they've increased. 5 November Nasdaq falls by 5,5%, the worst day since April 2025. In one session, according to CNN, about 2,5 trillion dollars disappeared from the market. AI infrastructure took the biggest hit: chips, data centers, energy. 6 November the crash spreads to Seoul and Tokyo. On Friday the market bounced back a bit, but the week closed down.
Now the specifics from Reuters. Chuck Schumer, who is set to become the Senate majority leader, calls protecting people from rising electricity bills due to data centers a priority. Congresswoman Lori Trahan is preparing a law requiring independent testing of leading AI models for safety and holding companies liable for harm from AI. Newly elected Senator Abdul El-Sayed wants a separate independent regulator for AI companies. Representative Greg Casar proposes summoning AI company executives to testify under oath. Raymond James analyst Ed Mills says plainly: "The probability of laws being passed is much higher than people expect."
And this is no longer just America. 6 November about a hundred activists stormed the construction site of a Microsoft data center in Amsterdam. The Stop Dirty Data Centres coalition is demanding an immediate moratorium on large data centers in Europe. People ask simply: why is the electric bill rising while another AI center that consumes electricity and water is being built nearby? Protests are planned in 85 locations across Europe, Reuters reports, in 16 countries.
The market felt this before politicians did. Investors began to doubt before the elections whether the trillions invested in AI would pay off. Now regulation is being added on top of that doubt.
Trump can veto some of the laws, and the Democrats won't have enough votes to override him. But there is the budget and mandatory laws that must be passed, to which AI requirements can be attached. And after losing the White House, there are fewer political reasons to support the market at any cost. The entire U.S. market in recent years was sustained by AI growth. The market prices in future risks, and the risk for AI grew significantly in a week.
The political stalemate is already here. We continue to await the realization of this scenario.
💬Euphoria lasts one day. Bills live for years.
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