Wall Street Week Bloomberg Wall Street Week - November 29th, 2024
7 snips
Nov 29, 2024 Explore the booming demand for data centers powering artificial intelligence and the infrastructure challenges that come with it. Discover the critical role of sustainable energy solutions in supporting these hubs. Dive into the dynamics of managing national debt and the necessity of bipartisan collaboration for economic stability. Plus, find out how the $65 billion art market balances passion with investment, and the unique connection between collectors and their beloved pieces. Intriguing insights await!
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AI Boom Fuels Data Center Growth
- The demand for AI is driving massive investments in data centers.
- The US leads in data center capacity due to high internet adoption and advanced AI development.
Inside a Massive Data Center
- CyrusOne's Texas data center spans almost a million square feet, filled with rows of computer racks.
- It has high ceilings for cooling and is expanding to meet growing demand.
Global AI Deployment Trends
- While the US leads in AI deployment, Europe and Asia are following suit, albeit at a smaller scale.
- US cloud companies hold a significant global market share, and most AI funding originates in the US.