AI Cloud Infrastructure & Data Center Growth

Former Google CEO, Eric Schmidt, on AI data center buildout: "If you are running one of these AI companies, your revenue is completely determined by your data centers. This is a massive change in what I do. It used to be that software is pretty high gross margin, you can sell it, and it didn't have a lot of capital. Because you need the hardware, that's what changes the economics...From a standpoint of the economy, these are real businesses. There is an estimate that 11% of U.S. electricity demand in 2030 will be AI data center related, historically it was 2 or 3%." Via @blackstone $NVDA $NBIS $GOOGL $META $MSFT $AMZN