PYMNTS.com September 18, 2024
A newly formed coalition of tech and finance titans is betting $100 billion that artificial intelligence (AI) could alter global trade infrastructure, launching an ambitious plan to build a network of AI-ready data centers that could reshape how businesses operate worldwide.
The Global AI Infrastructure Investment Partnership, spearheaded by Microsoft, BlackRock and others, signals a shift in the commercial landscape. Investments in AI-focused data centers could accelerate the technology’s adoption across industries, potentially transforming supply chains, financial services and customer interactions.
“AI-enabled data centers will exponentially accelerate transaction speeds by optimizing data flow and reducing latency,” Tim Peters, chief marketing officer at software company Enghouse Systems, told PYMNTS. “AI has already shown the ability to increase supply chain forecasting accuracy...
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