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AI Demand for Data Centers Vastly Underestimated, CoreWeave Says

Apr 08, 2024 - bloomberg.com
The co-founder of cloud-computing company CoreWeave, Brian Venturo, has warned that the global demand for artificial intelligence is being significantly underestimated and will greatly expand the market for data centers in the next five years. Venturo revealed that CoreWeave is receiving an overwhelming number of requests for data centers daily, with many clients asking for entire campuses.

Venturo, speaking at a Bloomberg Intelligence summit, stated that the market is moving faster than the existing supply chains, which were designed for a more physical business model. He predicts the emergence of more "megacampuses" for data centers, which will put pressure on power grids and potentially lead to political disputes.

Key takeaways:

  • The demand for artificial intelligence is expected to significantly expand the global market for data centers over the next five years, according to CoreWeave co-founder.
  • CoreWeave is receiving an overwhelming number of requests for data centers, with many clients asking for entire campuses.
  • According to Brian Venturo, the market is moving faster than the supply chains that have historically supported the physical business.
  • Venturo predicts the emergence of more 'megacampuses' that will put pressure on power grids and may lead to political disputes.
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