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!
AI Snips
Chapters
Transcript
Episode notes
AI Demand Fuels Data Center Growth
- The surge in AI demand drives exponential growth in data center capacity, especially in the U.S., which leads globally in AI infrastructure investment.
- Meeting customer expectations for capacity and service in mission-critical AI data centers is a major challenge.
U.S. Leads in AI Infrastructure
- The U.S. leads in AI deployment with a data center market triple the size of Europe or Asia Pacific.
- Rapid expansion demands new designs, modular construction, and collaboration across utilities and regulators to overcome labor and site challenges.
Power Is Data Center's Critical Constraint
- Power availability is the biggest bottleneck for data center expansion, requiring uninterrupted service with multiple backup layers.
- Upgrading the power generation and transmission infrastructure is critical, with a focus on sustainable energy sources.