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Raul Martynek, CEO of DataBank, appeared on Bloomberg TV to discuss the company’s $2 billion investment aimed at expanding U.S. data centers. This move will address the growing demand for AI infrastructure, supported by backing from AustralianSuper and DigitalBridge.
Raul Martynek, CEO of DataBank, discusses the $2 billion investment to expand U.S. data centers and meet the increasing demand for AI infrastructure on Bloomberg Interactive Broker Studio.
The combination of AI and edge computing has the potential to deliver impressive results for organizations in a wide range of industries. Just what is “AI at the edge?”
In a New York Times article, Raul Martynek, CEO of DataBank, emphasized that AI workloads require significantly more power, with advanced chips demanding over 100 kilowatts per server rack. Nuclear energy is seen as a reliable, emissions-free solution to meet the growing energy demands.
In a recent Bloomberg article, DataBank announced a $2 billion investment led by AustralianSuper and backed by DigitalBridge to expand its US data centers. This investment will fund the development of three major facilities to meet the growing demand for AI-driven workloads.
DataBank has raised $2 billion in equity, including a $1.5 billion commitment from AustralianSuper, to fuel its data center expansion across the U.S. This strategic investment positions DataBank to meet the rising demand for AI and cloud computing services.
DataBank received $1.5 billion from AustralianSuper, plus $483 million from existing investors. The funds will expand data centers in New York, Denver, Minneapolis, and Salt Lake City, supporting AI and cloud growth. AustralianSuper now holds a significant minority stake.
DataBank secured over $4 billion in debt and equity this year to expand its network of 65+ data centers, supporting the growing demand for AI and cloud computing infrastructure.
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