Apollo buys Stream Data Centers in bet on AI infrastructure boom
NEW YORK: Apollo agreed to buy a majority interest in Stream Data Centers (SDC), the alternative asset manager said on Wednesday, in a bet on rising demand for digital infrastructure fueled by artificial intelligence and cloud computing.
Big Tech companies and outside investors are pouring money into data centers as demand for computing power soars. The physical sites for computing machines and other hardware could require spending of up to $6.7 trillion worldwide by 2030, consultancy McKinsey estimates.
