Part 1/9:
The Rise of AI Infrastructure: A Deep Dive into Applied Digital
Artificial intelligence (AI) has ceased to be merely a buzzword and is steadily becoming the backbone of modern computing. As AI continues to permeate various sectors, the demand for robust data centers has surged, revealing a lucrative market opportunity that players like Applied Digital are striving to capture.
Market Potential
The global data center market is on the brink of an explosive growth phase, with forecasts suggesting an expansion from $96.9 billion in 2023 to nearly $464.6 billion by 2032. This represents a compound annual growth rate (CAGR) of 10.3%. Such figures signify a monumental shift akin to an entire small nation's economy doubling in size within a decade.