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Wall Street Week

Demand for AI, Economic Strategy and the Business of Art Collecting

Oct 4, 2024
Voldemort Slezak, KKR's global head of digital infrastructure, dives into the booming demand for data centers driven by the AI revolution. Hank Paulson, former Treasury Secretary, emphasizes the challenge of federal debt and the need for trust in financial leadership. Peter Krause, CEO of Aperture Investors, shares insights on the art market, exploring how politics intertwine with collecting, and discusses strategies for navigating this lucrative yet complex landscape. Expect fascinating takeaways on economics, technology, and art collecting!
38:42

Podcast summary created with Snipd AI

Quick takeaways

  • The surging demand for artificial intelligence is driving significant investments in data centers, highlighting the need for improved power infrastructure and sustainability.
  • Art collecting has evolved into a substantial business sector, showcasing the intricate relationship between art as an investment and the broader financial market dynamics.

Deep dives

The Rising Demand for Data Centers

The demand for artificial intelligence is driving a significant need for data centers, as technology companies invest heavily to support their operations. These companies' investments signal a burgeoning market where computing power is vital for the growth of AI, particularly in the United States, which leads in global data center capacity. CyrusOne, a major data center operator, is expanding its facilities to meet this growing demand, with impressive infrastructure designed to handle high-performance computing needs. In Texas, where many data centers are located, CyrusOne is also focusing on building sites that can efficiently deliver capacity and service to their clients.

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