Global AI Data Center Dominance Shifts Away From Big Tech

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Kavish Global live and planned data center capacity by ownership In the golden hills of Puglia, a southern region of Italy known today for its olive trees, white cliffs and turquoise mediterranean coves, Lorenzo Avello has artificial intelligence on his mind. Avello’s relatively unknown company, Adriatic DC, is looking to develop three massive data centers in the area, including a campus capable of turning 1.5 gigawatts of electricity into computing power for artificial intelligence services — easily eclipsing the capacity of most of today’s largest AI facilities. A single gigawatt is enough to power up to 750,000 US homes at any given time. The goal, he said, is to establish “a Mediterranean AI hub.” Avello has never built a

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Kavish Global live and planned data center capacity by ownership In the golden hills of Puglia, a southern region of Italy known today for its olive trees, white cliffs and turquoise mediterranean coves, Lorenzo Avello has artificial intelligence on his mind. Avello’s relatively unknown company, Adriatic DC, is looking to develop thr