Sep. 2 at 9:40 AM
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Global data center spending is set to reach
$31.6T through 2050 to meet the world’s growing appetite for AI, an investment boom with no precedent in history, according to PricewaterhouseCoopers LLP.
Dwarfing projects such as the railways, internet, and electrification, spending on data centers could even hit
$50T over the next two and a half decades if AI adoption accelerates beyond PwC’s “central scenario” forecast, the firm said in a report Wednesday, as per Bloomberg.
With consumers, companies, and governments increasingly using AI, tech giants like Microsoft (MSFT) and Amazon.com (AMZN) and smaller data center providers are setting up new computing facilities across the planet at a rapid clip. The bulk of the spending will go into what fills the data centers — hardware from companies such as global AI chip leader Nvidia Corp, the report said.
