Why AI boom matters to real estate: Inside the $3 trillion data centre opportunity

…demand extends beyond AI Digital Realty CEO Andrew Power said the calls for slower AI development by Anthropic, OpenAI and xAI did not mean work on the infrastructure supporting the broader digital economy would stop. “ There’s tremendous digital transformation happening that is not connected to AI ,” Power told CNBC’s Property Play. “There is tremendous cloud computing growth. Frankly, from my business lens, my seat, I think those demand trends, which are massive drivers of our business, have been stifled in…

…global head of data centre research and strategy, Andrew Batson, said a slowdown in the development of new AI models would not necessarily translate into an equivalent slowdown in physical data centre requirements. “ The real growth in data centers over the next handful of years is in inference — that’s the adoption by businesses and citizens of the tool into daily workflow ,” Batson said. He noted that only one in four Americans currently use AI daily, leaving significant room for adoption to increase. “So even if models are slow to be released, there is significant runway for adoption to…