VentureBeat August 13, 2023
The increasing use of artificial intelligence (AI) means a rapid increase in data use and a new era of potential data center industry growth over the next two years and beyond.
This shift marks the beginning of the “AI Era,” after a decade of industry growth driven by cloud and mobile platforms, the “Cloud Era.” Over the past decade, the largest public cloud service providers and internet content companies propelled data center capacity growth to unprecedented levels, culminating in a flurry of activity from 2020 to 2022 due to the surge in online service usage and low-interest-rate financing for projects.
However, there have been significant shifts across the industry in the past year, including an increase in financing costs, build...
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