Futuristic AI Requires Futuristic Data Centers, Experts Urge Investment Surge
International Business Machines Corporation (IBM)
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Source: PR Newswire
USA News Group CommentaryIssued on behalf of Avant Technologies Inc.VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers markets is surging, projecting the Modular Data Center Market to grow at a CAGR of 17.8% to $55 billion by 2030, while the Data Center Infrastructure Management Market is set to grow even faster at a 20.73% CAGR over the same time frame. Behind the scenes, several players are jockeying for position in
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