ABB CEO ‘very confident’ of demand for data centers powering AI

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Switzerland’s ABB is “very confident” about future demand from data centers that power artificial intelligence, its CEO Morten Wierod told Reuters.

The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers being built to meet AI and cloud computing demand.

CEO confident in data centre demand

“Over the next five years I am very confident about demand from data centers,” Wierod said on Thursday.

“I don’t think there is a bubble, but we do see do see some constraints in terms of…



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ABB CEO ‘very confident’ of demand for data centers powering AI



Switzerland’s ABB is “very confident” about future demand from data centers that power artificial intelligence, its CEO Morten Wierod told Reuters.

The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers being built to meet AI and cloud computing demand.

CEO confident in data centre demand

“Over the next five years I am very confident about demand from data centers,” Wierod said on Thursday.

“I don’t think there is a bubble, but we do see do see some constraints in terms of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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