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evin O'Leary sees a massive opportunity in data centers, describing them as a unique fusion of real estate and technology. "The demand is off the charts," he says, highlighting their potential for growth. If he were starting out today, O'Leary would focus on AI implementation and data center development.
Data centers are the backbone of our digital world, storing and handling vast amounts of information used by social media, AI tools, and cloud services. As more people rely on these technologies, the need for data centers has grown rapidly. Unlike traditional real estate, data centers combine stability with rapid technological advancements.
O'Leary notes that data centers are not just rental properties but also sophisticated facilities with advanced cooling systems, power supplies, and security measures to protect sensitive information. They're crucial for running AI programs, which require immense computational power and storage space. "Real estate meets tech in the most lucrative way," he says. "This is where the future's heading."
The data center industry is evolving, shifting from sprawling single-story buildings in remote areas to multistory facilities in urban and suburban locations. This vertical growth is driven by soaring land prices in prime markets and increasing demand for capacity.
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