“We are in the midst of an investment supercycle in AI,” Rangu Salgame, a co-founder and the chief executive officer of PDG, said in a video interview from Singapore. “The long-term demand for AI and the kind of innovation that’s yet to come are driving demand for data centre capacity.”
(March 11): Singapore’s Princeton Digital Group plans to raise as much as US$5 billion ($6.36 billion) in debt this year to fund a data centre buildout across several countries in Asia, another sign of the capital pouring into expanding artificial intelligence (AI) infrastructure.
The planned financing will support facilities in India, Indonesia, Malaysia and Japan, the company said in a statement on Wednesday. The Warburg Pincus-backed firm operates AI data centres in seven Asian markets, with a portfolio exceeding 1.8 gigawatts of capacity.
