The project will be executed in four phases, ultimately offering over 60 MW IT load capacity
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The company has invested USD 289 million in data centres in India since 2021 before expanding into Chennai
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On slow growth in data centres in India, CBRE India head Anshuman Magazine explains that the problem in this segment is that it's capital intensive, so everybody does not step in
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This announcement comes amid a wave of investments by other global tech giants in Southeast Asia, attracted by the region's young, tech-savvy population of 670 million
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A key driver behind this growth is the increasing adoption of Artificial Intelligence (AI), which is expected to boost the demand for data centres in the country
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Key sectors driving the demand for data centre services include banking, financial services, and insurance (BFSI), technology firms and cloud service providers
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CareEdge Ratings forecasts revenue growth of 32 per cent compound annual growth rate (CAGR) during FY24-FY26
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CareEdge predicts a substantial financial inflow with likely capital expenditures reaching Rs 50,000 crore over the next three years
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Google's strategy marks another step in the ongoing expansion efforts of major tech companies aiming to enhance their cloud computing capabilities, a surge that has been driven by the rise of artificial intelligence
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A new report by Tudor Pickering Holt & Co says that a scenario come where US power and technology companies have been compelled to either forge direct agreements with energy producers or to develop their own power supply systems, in an effort to secure sufficient energy resources
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