Sizzling valuations are no bar for Asia data centre deals as AI growth beckons

Global investors are queueing up to invest in data centre operators in Asia Pacific either by buying stakes directly or via public offerings, unfazed by their rich valuations that are driven by demand for artificial intelligence-based services. Many industry executives say the regional data centres will continue to command high valuations due to the nascent nature of the industry and its growth outlook. Data centres house computer servers and equipment that companies use to process and store data.Read More