The article discusses the surging demand for data centres driven by the rapid evolution of AI technologies, presenting a significant investment opportunity for European data centres. Generative AI-driven workloads are accelerating data centre demand, particularly in Tier 2 and 3 markets across Europe, complemented by content generation and cloud migration.
Major technology companies like Microsoft, Amazon, and Alphabet highlighted AI as a primary growth driver in their first-quarter earnings reports for 2024. The increasing investment in AI, projected to rise by 44% year-on-year, emphasizes the central role of data centres in supporting and enabling the expansion of AI technologies. The article also delves into the demands for AI training and inference facilities, with a focus on the growth of hyperscalers' AI inference capabilities in the next 18-24 months.
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