The Rural Revolution in Hyperscale Data Centers Driven by Generative AI [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
Denver, May 01, 2024 (GLOBE NEWSWIRE) -- The proliferation of generative artificial intelligence applications is fueling unprecedented growth in the data center market. Rapid development, deployment and adoption of generative AI programs has left data center operators scrambling to stand up new facilities and build out the additional capacity needed to meet demand. Growth in the market should create new business opportunities for rural broadband operators and electric cooperatives as data centers expand beyond their typical urban confines. Data center hubs have historically been deployed in urban areas given their access to power, water and integrated fiber networks. Proximity to Fortune 500 companies and government agencies that rely heavily on data computing and storage has also played a role in data centers favoring urban markets. However, that model is evolving quickly as data center operators are forced to evaluate new markets to secure the energy resources needed to run power
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