At Milken, Wall Street's Eyes Widen for Data Centers
Billions and even tens of billions don't generate much excitement at the annual Milken conference, taking place now in Los Angeles. But trillions, and especially $6.7 trillion, get some attention.
That's the much-talked about number from a McKinsey report about the money needed to build out data centers to power artificial intelligence by 2030. Silicon Valley inventions are creating more places for pension funds to park capital. And more avenues for Wall Street to capture fees.