Sify Infinit Spaces, an Indian data center operator, embraces AI growth while cautious of potential bubble risks.
Sify Infinit Spaces' Cautious Expansion: Sify Infinit Spaces, India's first listed data center operator, is tempering its future investments despite the surge in AI-driven demand for computing power, aiming for responsible and calculated growth to avoid overexposure to a potential market bubble.
Diversification Beyond Hyperscalers: The company plans to expand its client base beyond large cloud service providers to include banks, financial services, e-commerce, and media firms, while acknowledging the risks of overbuilding in the data center sector.
Projected Growth in Data Center Capacity: India's data center capacity is expected to triple to 4.7 gigawatts by 2030, driven by increased cloud adoption and AI workloads, according to market research.
Emergence of Edge Data Centers: Sify is also investing in edge data centers, which are smaller local hubs gaining popularity due to rising streaming and entertainment consumption in non-metro cities, with a new facility under construction in Visakhapatnam.
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Asian Equities Surge as American Depositary Receipts Rise Sharply
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