Potential AI slowdown is not ‘end of the world’ for data center real estate, says Digital Realty CEO

Digital Realty CEO Andrew Power says that despite recent calls to slow AI development, demand for data center real estate remains strong due to ongoing digital transformation and cloud growth. AI is expected to drive about 70% of global data center demand by 2030, with significant investment needed in real estate. However, capacity allocation between AI labs and commercial cloud services is influencing market dynamics, with some regions experiencing higher demand than others.