The Week Ahead: 24 - 30 March 2025
The Tech Capital
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Welcome to The Week Ahead! Your Forward-Focused Dispatch on Digital Infrastructure. Delivered every Monday, this newsletter breaks down the most significant finance and investment developments and trends in the world of digital infrastructure this week. Access all our premium content, including news, features, videos, and podcasts, by registering for a The Tech Capital account here.
IN FOCUS
In this week's newsletter, we look at:
Dear Reader,
This is the big week we've been waiting for. The much-anticipated InfraAI Global Summit 2025 is set to make its debut on March 26-27, 2025, at the prestigious Four Seasons Athens Hotel, nestled along the picturesque Athens Riviera. This premium event marks a significant milestone as the first of its kind to grace the shores of Greece, bringing together a constellation of global luminaries in technology, infrastructure, investment, policy and energy to explore the transformative potential of AI-driven infrastructure development.
As we witness investments in digital infrastructure surpassing the monumental US$1 trillion mark, the InfraAI Global Summit 2025 emerges as a strategic nexus, poised to drive the creation of resilient, scalable, and sustainable digital ecosystems. The summit aims to unveil pioneering digital infrastructure initiatives and facilitate profound discussions across the AI infrastructure and technology spectrum, encompassing finance and investment strategies, sustainable energy solutions, policy frameworks, cutting-edge technologies, and emerging geographies of opportunity.
The event boasts an impressive roster of over 50 speakers, featuring CEOs and C-Suite executives from prominent international companies such as Data4, NSCALE, ServerFarm, Digital Realty, Microsoft, VIRTUS Data Centres, Equinix, euNetworks, and Start Campus, among others. Notably, the Greek Minister of Digital Governance, Mr. Dimitris Papastergiou, will deliver an address, officially representing Prime Minister Kyriakos Mitsotakis.
As we prepare for this landmark gathering, we are concurrently hard at work on The Tech Capital's International Finance Forum. The conference promises once again to be a truly global summit, with representation from 40 countries, further cementing our commitment to fostering international collaboration and innovation. In the coming weeks, we look forward to announcing additional CXO speakers who will contribute their expertise and insights to this forum agenda.
We invite you to join us across different social media platforms and also subscribe to our daily newsletter.
At The Tech Capital, You Lead. We Report.
Regards,
The Newsroom
THE BIG STORY
Trillion-Dollar AI: Nvidia's Bold Bet on the Future of Computing
While the ambition is commendable, several critical questions arise regarding the feasibility and implications of such exponential growth.
Here's what happened:
Speaking at the GTC event in San Jose, California, Nvidia (NASDAQ: NVDA) Chief Executive Jensen Huang said that the world would need 100 times more computing power for AI than was anticipated just a year ago. He also said AI will need over US$1 trillion in data centre capex investment in 2028.
The event, which Huang referred to as “the Super Bowl of AI”, has evolved from a modest chip developer gathering into a major spectacle that filled a hockey arena.
Huang’s remarks come at a time when Nvidia’s shares have experienced volatility following the release of DeepSeek in January.
The Chinese startup claimed to have developed sophisticated AI models requiring fewer Nvidia chips, leading some investors to question the future demand for Nvidia’s products in AI systems.
Addressing these concerns, Huang explained the increasing complexity of AI models, particularly those capable of “reasoning” and acting as “agents” to perform tasks for humans.
He emphasised that these advancements would necessitate substantially more computational firepower, which is provided by the types of chips that Nvidia manufactures.
“This last year, this is where almost the entire world got it wrong,” Huang said, referring to the underestimation of computing power needs.
He elaborated on the concept of reasoning models, which spend more time processing complex problems by breaking each prompt into steps. This approach generates vast amounts of data, requiring increased computing speeds to deliver timely responses to users.
Huang also touched on the potential of AI agents, designed to complete tasks such as booking flights or making dinner reservations.
These agents, often relying on reasoning models, demand significantly more computational power, potentially sustaining or even increasing the demand for Nvidia’s chips.
To meet these evolving needs, Nvidia unveiled a new line of more powerful chips called Rubin, expected to be available in the second half of 2026.
Named after the astronomer who discovered dark matter, the AI superchip is set to have more than three times the computing capabilities of the company’s Ultra chips.
An Ultra version of the Rubin will offer 14 times the performance of the Blackwell, Nvidia’s current top-tier chip.
The success of the Rubin chips will be crucial for Nvidia to meet high investor expectations. Analysts project that this series of chips could generate nearly US$40 billion in revenue in their first year of sales and more than US$95 billion in their second year, according to consensus estimates from Visible Alpha.
Despite the ambitious announcements, Nvidia’s shares were down by more than 3% after the presentation concluded, slightly more than the tech-heavy Nasdaq Composite.
The decline occurred amidst a broader tech selloff and declines in the S&P 500 following renewed turmoil in the Middle East.
Here's our take:
Huang's bold proclamation at Nvidia's GTC event about the future of AI computing power demands careful scrutiny.
While the ambition is commendable, several critical questions arise regarding the feasibility and implications of such exponential growth.
The projection of needing 100 times more computing power for AI than anticipated a year ago raises immediate concerns about supply chain capabilities.
The semiconductor industry, already strained by recent global events, faces a Herculean task in scaling production to meet this demand.
The intricate nature of chip manufacturing, coupled with geopolitical tensions affecting raw material supply, presents significant hurdles.
Nvidia's vision necessitates a rapid and unprecedented expansion of the entire AI infrastructure ecosystem.
This includes not only chip production but also the development of supporting technologies, cooling systems, and power delivery mechanisms.
The industry's ability to pivot and scale at such a breakneck pace is questionable, given the complex interplay of research, development, and manufacturing processes.
Perhaps the most pressing concern is the energy implications of this projected growth.
Data centres already consume a substantial portion of global electricity. A 100-fold increase in computing power would require a commensurate surge in energy production and efficiency improvements.
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This raises critical questions about sustainability and the environmental impact of AI advancement.
The level of capital concentration in AI infrastructure could also potentially divert resources from other crucial technology advancements and industries.
And finally, the rapid advancement of AI capabilities, particularly in reasoning and agent-based systems, also brings forth a host of ethical considerations.
The societal impact of widespread AI deployment at this scale needs careful consideration and regulatory frameworks.
LONG READS
Much has been made of what nuclear technology can do for data centres. But what does this seemingly inevitable marriage of industries mean for nuclear?, asks George Borovas, Partner at Hunton Andrews Kurth LLP and head of the firm's Nuclear practice as well as a Board Member of the World Nuclear Association (WNA). Read more here
David Bloom asks if government policy or market fundamentals are driving growth in the UK's digital infrastructure ecosystem. Read more here
Falling prices, fierce competition, and the rise of AIaaS have sealed GPUaaS’s fate. 2025 will bury the old model for good. Read more here
QUOTE OF THE WEEK
WEEK IN PREVIEW
TTC CONFERENCES
The Tech Capital International Finance Forum and Global Awards, IFF25, is once more coming to London in May 2025.
This is a must-attend event for digital infrastructure professionals worldwide, with a focus on addressing pressing global financial issues and expanding the digital infrastructure economy.
The forum offers a unique platform for networking and exchanging groundbreaking ideas, providing attendees with the opportunity to expand their professional network and gain expertise.
With a combined market cap exceeding US$1.2 trillion, the event is the ultimate platform for industry leaders to convene, inspire, and forge valuable connections.
For more information, visit here.
MOST READ LAST WEEK
WATCH ON THE TECH CAPITAL
AVK-SEG UK has opened a new service office in the Netherlands. At Kickstart 2025 in Amsterdam, The Tech Capital interviewed Lynsey Partlow, Service Director at AVK-SEG UK, to discuss this strategic expansion and its implications for the European market.
LISTEN ON THE TECH CAPITAL
INDUSTRY CALENDAR
InfraAI Summit'25, by The Tech Capital Athens Riviera - 26-27 March 2025 LEARN MORE
The Tech Capital International Finance Forum & Global Awards London- 12-13 May 2025 LEARN MORE
The Tech Capital LATAM Finance Forum São Paulo - 03 July 2025 LEARN MORE
The Tech Capital APAC Finance Forum Singapore - 25 September 2025 LEARN MORE
infra/STRUCTURE Summit Las Vegas - 15-16 October 2025 LEARN MORE
The Tech Capital Middle East & Africa Finance Forum Abu Dhabi - 03 December 2025 LEARN MORE
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Good for thought