What does DeepSeek mean for investment risk in data centers?

will grow markedlyAI adoption and software advances of potential outcomes; investorsmust plan accordinglyGlobal installed IT electricity demandforecast (terawatt-hours) Expected range 201920212023202520272029203120332035Bear case Most workloads will be in the cloudLarge cloud service providers will account for most How investors can manage higher riskPlanning for a range of data center evolution scenarios helpsmake smarter, risk-aware investment decisions Prioritize investmentsthatoffer time-to-market advantagesfor customers’ needsSkew toward markets