Infrastructure specialist HRL Morrison & Co is positioning itself to take advantage of billions of dollars of spending on new technology like Chat GPT.
need to get data, shift it around, store it and compute it, said William Smales, who helps manage some $27 billion of infrastructure for New Zealand-founded investment group Morrison“We are building hundreds of megawatts of data centres right now that will have the computers that are running that artificial intelligence,” the New York-based Mr Smales said during a trip to Sydney.Mr Smales met with big providers of cloud storage systems in the US a few weeks ago.
to battery cells for electric vehicles, with companies keen to reduce reliance on overseas supply chains after being hit with high costs and long delays during the COVID-19 pandemic, Mr Smales said. “It’s almost like the US is heading into a golden era of manufacturing that may not have been seen since the post-war period.”
While the US has plenty of traditional cable and copper networks, it has lagged other developed countries in providing fibre optic networks to homes.will have to spend some $US125 billion combined by 2024 on “AI infrastructure”, including computer power, storage and networking, and will require more energy to deliver these services.
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