AI Market Progress and New Builds

With information middle information transferring sooner than ever, we wish to make it straightforward for trade professionals to chop by means of the noise and discover an important tales of the week. 

The Data Center Information Information Roundup brings you the newest information and developments throughout the information middle trade – from investments and mergers to safety threats and trade developments. 

To maintain updated with all issues information facilities, subscribe to the Data Center Information publication to get content material straight to your inbox. 

Market Progress in AI and Data Center Mills

In accordance with a new S&P World Scores report, world AI spending, notably within the information middle house, is anticipated to develop over 20% by means of 2028 to make up 14% of complete IT spending.

“Cloud giants are closely investing in AI regardless of unsure monetization timelines, with mixed capital spending for Microsoft, Alphabet, and Meta up 60% 12 months over 12 months,” mentioned S&P Know-how Director Christian Frank.

Moreover, AI chips drove progress within the semiconductor sector. Between Intel and AMD, information middle chips income grew 31% 12 months over 12 months and 9.4% quarter over quarter.

Lastly, a brand new research from World Market Insights discovered the information middle generator market, too, is about to develop over the subsequent eight years, doubling its present market worth to over $2.1 billion by 2032. Confronted with growing old infrastructure and a rise in excessive climate occasions, information facilities are deploying backup energy programs — primarily within the type of mills — to avert energy outages.

Associated:New Data Center Developments: August 2024

Equinix Growth

Buoyed by the continued demand for AI infrastructure companies, Equinix noticed notably sturdy Q2 progress amid the trade’s crowded subject of hyperscale operators.

In latest months, Equinix introduced plans to enter the Philippines market, opened its first information middle in Johor, Malaysia, and broke floor on a new information middle in Lisbon, Portugal.

“Enterprise transformation stays a essential precedence for our prospects and the emergence of AI marks a pivotal level for our trade,” Equinix CEO Adaire Fox-Martin mentioned throughout his firm’s August 7 earnings name. “AI, just like the expansion of cloud applied sciences a decade in the past, will take time to totally develop.”

Equinix’s Q2 2024 revenues surpassed $2.2 billion, an 8% year-over-year progress for the Redwood Metropolis, California-based firm.

This Week’s Data Center Offers and Developments

On the high of this week’s information middle improvement information, Princeton Digital Group acquired a Yahoo information middle in western Singapore for an undisclosed price ticket. In accordance with a Tuesday press launch, Yahoo will proceed to host its infrastructure on the 5 MW facility close to Jurong Port.

Associated:Past Range Coaching: The Actual Challenges for Girls in Tech

In the meantime, in India, Aurum Fairness Companions, an actual property funding agency, introduced plans to construct a 100 MW $400 million AI-powered inexperienced information middle in Hyderabad.

“Our next-generation information middle framework is designed to bridge the digital divide between rural and concrete India. This initiative will make authorities companies reminiscent of e-Seva, e-Cost, and e-Training accessible to all, supporting our mission to attach each nook of the nation,” mentioned Aurum CEO and Chairman Venkat Bussa.

Throughout the pond, in the USA, the development of a $1.1 billion AWS information middle was authorized by the St. Joseph County Council in Indiana by a 7-2 vote. Whereas advocates level to the undertaking’s potential to create jobs and contribute to the native financial system, opponents criticized a 10-year 4.2 billion {dollars} tax break for one of many world’s richest firms.

In Missouri, TierPoint acquired a constructing in downtown St. Louis, Missouri, to ascertain its latest information middle facility. Constructed in 1917 as an car dealership and distribution middle for the Willys-Overland Firm, the constructing presents 22,600 sq ft of knowledge middle manufacturing house and is listed on the Nationwide Register of Historic Locations.

Associated:Mapping the Finest Data Center Areas in 2024

TierPoint’s acquisition follows a development of knowledge facilities occupying often-vacant downtown workplace buildings within the identify of revitalization. Whereas these supply an financial boon – particularly in cities going through depopulation and personal disinvestment – they usually come on the sacrifice of people-oriented improvement.

“We all know that revitalizing Downtown to make it the protected, vibrant, and exquisite neighborhood on the coronary heart of our metro will take time. We additionally know that it’s going to take a brand new mind-set that diversifies the kinds of companies and residential choices right here,” mentioned Kurt Weigle, chief downtown officer for Better St. Louis, Inc. 

Lastly, newcomer Edged Vitality continues its enlargement throughout the States with a 24 MW undertaking within the Columbus, Ohio space. Already below improvement, the 210,000 square-foot facility, which can help generative AI and superior computing calls for, is scheduled to open July 2025.

Different Nice Reads in DCK This Week

The Largest Threats to Data Center Uptime – and Tips on how to Overcome Them. Energy failures, cooling points, and third-party suppliers are a few of the greatest threats to information middle uptime in 2024. Discover ways to mitigate these dangers successfully.

Assessing the State of Data Center Provide Chains in H2 2024. The information middle provide chain is displaying indicators of enchancment, nevertheless it nonetheless faces vital challenges. Discover the present developments and points shaping the trade.

Past Range Coaching: The Actual Challenges for Girls in Tech. Regardless of the renewed concentrate on DEI, progress for ladies in tech stays stalled. The trade should rethink its method to deal with the distinctive challenges girls face, writes Carrie Goetz.

Vital AWS Vulnerabilities Permit S3 Assault Bonanza. Researchers at Aqua Safety found flaws the place risk actors can guess the identify of S3 buckets based mostly on their public account IDs.

Quantum Computing Making Progress Sooner Than Anticipated. QuEra survey finds that 40% of consultants say quantum expertise will outperform classical in 5 years.