JPM on the AI data centre rollout. It is large.
The global data center and AI build-out will be an extraordinary and sustained capital markets event. Building out global data center and AI infrastructure and related power supplies could cost over $5 trillion in our view, with at least one consultant calling for $7 trillion of global AI-related capex.
Funding that extraordinary growth will likely require participation from every public capital market as well as private credit, alternative capital providers and even government involvement. The question is not “which market will finance the AI-boom”. Rather, the question is “how will financings be structured to access every capital market.”
