Data Center Spending to Reach $31.6 Trillion by 2050 on AI Boom

Global investment in data centers is expected to reach $31.6Tn through 2050 to meet the world's growing appetite for artificial intelligence (AI), according to PricewaterhouseCoopers.

The investment boom is expected to surpass the railway, electricity grid, and Internet build-outs of earlier eras, with annual investment expected to rise from about $800Bn in 2026 to $1.1Tn in 2030 and $1.8Tn by 2050.

However, power and chip constraints threaten growth.

Hyperscalers often want facilities delivered within six months, while grid connection delays can stretch as long as 24 months in some emerging markets and more than eight years in major developed markets.

The bulk of the spending will go into what fills the data centres — hardware from companies such as global AI chip leader Nvidia.

Reference Sources

1. thesunmy - Power and cooling firms ride data centre boom
2. nationthailand - AI boom to drive US$31.6tn data centre spend by 2050
3. aawsat - Not Just Nvidia: These Power and Cooling Firms Are Riding the Trillion-Dollar Data Center Boom
4. wsj - See the New Building Techniques Turbocharging the Data-Center Boom
5. bloomberg - Data Center Spending to Reach $31.6 Trillion by 2050 on AI Boom

John Ternus takes over as Apple enters era of AI, foldable phones

John Ternus has officially taken over as the CEO of Apple, succeeding Tim Cook, who ended a 15-year tenure leading the Tech giant.

Ternus had been serving as the senior vice president for hardware engineering at the Cupertino, California-based company since 2021. One of his biggest challenges will be balancing the company's dependence on China while parrying acute political pressure from the White House.

Ternus joined Apple's design team in 2001 and worked his way up to senior vice president of hardware engineering, reporting to Cook.

He leads the engineering teams behind Apple's entire product lineup, including the iPhones that generate most of the company's revenue.

Reference Sources

1. aljazeera - John Ternus succeeds Tim Cook as Apple CEO after 15 years
2. bangkokpost - John Ternus takes over as Apple enters era of AI, foldable phones
3. thejakartapost - The Jakarta Post
4. thesunmy - John Ternus takes helm as Apple eyes AI, foldable phones

China's Xi pitches AI hub as SCO casts itself as pillar of stability

Chinese President Xi Jinping has urged the Shanghai Cooperation Organisation (SCO) countries to play a greater role in steering the world and offered them AI cooperation, while presenting the Eurasian grouping as a bastion of "stability" in an uncertain world.

The China-Led Sco pushed Beijing's vision of a Multipolar world order against a backdrop of us tariffs, tensions in the Middle East and the Russia-Ukraine war. in a statement released by Chinese state media Xinhua, Xi said the Organisation should "shoulder historical responsibility" and "Proactively guide the course of history" in the face of global confrontations.

Xi proposed the establishment of an international center for AI applications and efforts to strengthen cooperation among Sco members in fields ranging from trade and investment to energy resources. his proposal chimes with his promise in July to provide developing countries with AI training.

Xi also floated the idea of jointly implementing 100 science and technology cooperation projects with Sco countries over the next three years. on the security front, Xi vowed to combat Transnational organised crime, drug trafficking and telecommunications fraud.

Reference Sources

1. cna - SCO summit: Leaders of China, Russia, India hold talks with counterparts in Kyrgyzstan
2. nikkei - China's Xi pitches AI hub as SCO casts itself as pillar of stability

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.  

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