The demand for data centers, essential for supporting AI technologies, is skyrocketing, with prices doubling and vacancy rates plummeting. DataBank's CEO, Raul Martynek, highlights that customers are now pre-leasing data center space up to two years in advance due to this surge. The physical supply chain for AI, including chips from companies like Nvidia and AMD, is where the early revenue is being generated.
Martynek notes that while the data center sector has been growing steadily for 25 years, the recent boom is unprecedented, driven by the rapid acceleration of AI initiatives among major tech firms. The company is developing significant new capacity, including a 120-megawatt data center in Atlanta, to meet this demand. Despite potential delays in chip models from Nvidia, the overall demand for data center capacity remains robust, with a focus on securing financially stable tenants.
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