Voter anger over the cost of living is hurtling forward into next year’s midterm elections, when pivotal contests will be decided by communities that are home to fast-rising electric bills or fights over who’s footing the bill to power Big Tech’s energy-hungry data centers.

Electricity costs were a key issue in this week’s elections for governor in New Jersey and Virginia, a data center hotspot, and in Georgia , where Democrats ousted two Republican incumbents for seats on the state’s utility regulatory commission.

Meanwhile, concerns are growing over an AI bubble in stock markets. Mary Callahan Erdoes , CEO of JPMorgan’s asset and wealth management business, said at the Fortune Global Forum just weeks ago that some AI stocks have “a little too much concentration.”

And Lisa Sha

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