There has been no shortage of headlines about a potential “AI bubble.” While AI is undeniably a major force shaping digital infrastructure, it’s important to look at the full picture.
The reality: Data center demand isn’t just about AI.
According to McKinsey, both AI and non-AI workloads are expected to grow steadily through 2030. We believe this creates diversified, durable drivers for capacity.
Here’s what the data shows:
Non-AI workloads remain a significant share of global data center usage and continue to expand alongside cloud compute, enterprise software, video streaming and everyday digital applications.
AI demand accelerates total capacity needs, but it does not replace the foundational infrastructure required to support billions of connected devices and non-AI services.
Together, we believe these trends reinforce long-term ecosystem demand, shaping how data centers are built, powered and interconnected.
As the digital economy becomes increasingly complex, we believe infrastructure supporting all types of workloads—AI and otherwise—will continue to be essential.
If you’re an RIA interested in exploring how real assets like digital infrastructure can complement client portfolios, let’s connect.
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