A RECORD YEAR FOR GLOBAL DATA CENTRE INVESTMENT

The global data centre market reached new heights in 2024, driven by the growing demand for generative AI, which has triggered a new wave of investment. In a historic year, companies like Amazon, Microsoft, Meta, and Alphabet were on track to collectively invest over US$200 billion of capital expenditure, predominantly on data centres and AI-driven tools for the full year of 2024.

This investment boom is not expected to slow down anytime soon, instead it is set to accelerate. Microsoft, for example, has unveiled a US$128 billion investment plan for AI infrastructure and data centres globally for fiscal year 2025, including plans to deploy US$3 billion in India over two years and US$2.9 billion in Japan. President Trump has also announced a significant investment into AI worth, potentially, hundreds of billions. A new venture called Stargate will initially invest US$100 billion to build an AI datacentre. Total investment could climb to US$500 billion.