The Data Center Boom Enters a Speculative Era

The Wynn in Las Vegas was buzzing last week as executives, investors and dealmakers from across the data center, cloud and finance world converged at an event to trade notes on how quickly the industry has changed. 

A year ago, most conversations at Infra/Structure, hosted by Structure Research, focused on how hard it was to find land and power for new data centers for artificial intelligence, and skepticism abounded over whether projects such as OpenAI’s Stargate, which hadn’t been formally announced yet, could be real.