The data center market is rapidly growing, driven largely by increasing demand for AI technologies. OpenAI and Microsoft are making significant investments, with OpenAI teaming up with SoftBank to allocate at least $100 billion for U.S. data centers, while Microsoft plans to invest $80 billion this year. DataBank, a major player in providing compute-ready data centers for enterprises, has raised $250 million recently and $5 billion in total over the past year and a half, signaling strong market confidence in its growth strategy and ability to scale.
We could not be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank's robust growth plans. Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world.
The new capital signals both confidence in our strategy and our proven ability to execute and scale, according to DataBank's CEO, Raul K. Martynek.
Just last week, OpenAI said that it plans to team up with backers including SoftBank to spend at least $100 billion on data center infrastructure in the U.S.
Microsoft aims to put around $80 billion toward AI infrastructure this year, and rival tech giants have also upped their footprints.
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