JLL Says AI Demand Turns Data Centers Into ‘Hottest Asset Class' [BNN Bloomberg (Canada)]
Dominion Energy, Inc. (D)
Last dominion energy, inc. earnings: 2/11 07:30 am
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Source: BNN Bloomberg
“It's the hottest asset class at the moment,” CEO Christian Ulbrich said Monday in a Bloomberg Television interview. “When you believe in AI, the demand for data centers will only go up.” An AI spin on real estate adds to the technology's emerging footprint in the US economy beyond the hardware and software industries. Utility company Dominion Energy Inc. said last week that data-center developers in northern Virginia were asking for the equivalent of several nuclear reactors' worth of power. Another utility, Exelon Inc., predicted that AI-driven data centers in the Chicago area were poised to gobble up 900% more electricity. “The shortage is usually the grid — that you can get access to the grid,” Ulbrich said. “But otherwise people are really, really keen to get into it, and that will be a play for the next five to 10 years.” Ulbrich commented after Chicago-based JLL reported a first-quarter profit that beat analysts' estimates. He credited improved efficiency in helping prop
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