AI Slowdown Not 'End of the World' for Data Center Real Estate, Says Digital Realty CEO

Digital Realty CEO Andrew Power said calls to slow AI development do not mean data center demand will stop. JLL estimates only 1 in 4 Americans uses AI daily, while AI could drive about 70% of global data center capacity demand by 2030.

• Digital Realty construction portfolio grew to $20B from $10B in late 2023
• McKinsey: AI to drive about 70% of data center capacity demand by 2030
• JLL: data center real estate investment could reach $3T over 5 years
• Digital Realty and Equinix shares fell after AI warnings