AI Boom: Taking Farmland 🚜
The AI explosion is causing quite the buzz in the investment world. Tech giants, under the guidance of Blackstone's president, Jonathan Gray, are gearing up to pour a staggering $1 trillion into AI over the next five years, with data centers being their primary target. These warehouse-like complexes are popping up all over the map, from Ohio to Georgia, Texas to Nevada, and Utah.
Some of these data centers are finding their homes in rural or less populated areas, while others are cozying up near major cities like Phoenix, Atlanta, and Reno. DataBank, backed by DigitalBridge, is making its mark by setting up smaller data centers in the suburbs of "tier two and tier three cities."
Photo Courtesy: Insider
Unlike bustling e-commerce warehouses, these data centers have minimal impact on road traffic and maintain a serene ambiance.
However, they do demand substantial resources. Due to limited generation capacity in places like Arizona and northern Virginia, data centers are strategically established where local utilities can meet their demands.
As a result, many may soon find themselves with power-hungry data centers as their new neighbors.
Courtesy: Insider