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Data centers: The building blocks of the digital age could reach 1 trillion dollar investment per year by 2027
Data centers, the warehouses of our digital lives, are being built everywhere. Fueled by AI and digitalization, investment is spreading fast. But can data centers embrace renewable energy to meet the climate challenge?
Fueling the AI revolution
Investment skyrocketed to a staggering $250 billion in 2023 (Fierce Network), and this trend is expected to accelerate further. According to Fierce Network, data center investment could reach $1 trillion thanks to AI by 2027. Big Tech and investors such as Apple, Microsoft, Google and Nvidia are pouring billions into AI, which relies heavily on large datasets and processing power. Data centers provide the critical infrastructure for AI to learn, develop, and reshape our increasingly digital dependents lives. Imagine the vast amount of data needed to train a self-driving car or a complex language model, data centers are responsible for storing and managing this information, catalyzing these technological advancements.
Blackstone’s big bet
Blackstone Inc., the world’s largest private equity firm with $10 trillion of assets under management, confirms this trend. After acquiring data center operator QTS in 2021…
