Reported 8 months ago
The AI revolution is driven by companies investing in data centers and fiber-optic cables to process vast amounts of information needed for artificial intelligence. Global spending on data center construction is expected to exceed $55 billion by 2030, with companies like Frontier Communications Parent Inc. and Switch Inc. already raising billions through asset-backed securities. Transactions in the asset-backed securities market are projected to reach a record $12 billion by the end of 2024, supporting the growth of AI infrastructure and technology worldwide.
Source: YAHOO