AI data-centre race builds $1 trillion lease burden for Big Tech

AI data-centre race builds $1 trillion lease burden for Big Tech  Reuters

Aug 4 : Microsoft Corp, Meta Platforms Inc, Oracle Corp, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun, mostly for data centres needed to power the artificial intelligence boom.The commitments show that a substantial part of Big Tech's AI spending spree

Power, not land prices, has become the biggest hurdle for data centre investors evaluating Thailand, as growing demand is increasingly constrained by limited electricity and water infrastructure, according to property consultancy Savills Thailand.