Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Data centers to cost 6x higher in 2029
The Philippine Star
|September 30, 2024
Telcos like PLDT Inc.and Globe Telecom Inc. may have to spend six times more to put up new data centers as a result of a valuation boom triggered by the shift to automation.
Based on Bain & Co.'s Technology Report 2024, builders will have to shell out as much as $25 billion to construct high-capacity data centers five years from now.
To date, Bain & Co. estimates that building large-scale data centers will require a capital of $4 billion, six times less than the projected price by 2030.
Bain & Co. said the expanded role of artificial intelligence (AI) in several industries would demand data centers to offer higher scales.
This means data center builders like PLDT and Globe have to invest more to keep up with the AI demand.
This story is from the September 30, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
TWO LIVES, RARE ILLNESSES, AND THE SHARED COURAGE TO KEEP GOING
Joven, a respected pioneer in the Philippine public relations industry. Her passing on Oct. 17 at the age of 76 drew attention not only to her lifetime of professional accomplishments, but to the rare and devastating illness she fought: Anti-MDA5 positive amyopathic dermatomyositis complicated by rapid interstitial lung disease.
2 mins
October 28, 2025
The Philippine Star
DILG to Taal, Kanlaon LGUs: Be on full alert
Following reports of eruptions and earthquakes in Taal and Kanlaon Volcanoes, the Department of the Interior and Local Government (DILG) urged residents in nearby communities to be always on alert and for town or city governments to activate their disaster councils.
1 min
October 28, 2025
The Philippine Star
Marcos, new Japan PM agree to pursue ACSA
The Philippines and Japan have agreed in principle on an Acquisition and Cross-Servicing Agreement (ACSA) that will allow the Japan Self-Defense Forces and the Philippine military to exchange supplies and services.
1 min
October 28, 2025
The Philippine Star
Trapped
Overwhelmed and clobbered, our entire nation, not only the government, is saddled with the same issues that have confronted us for decades. Corruption, inefficiencies, fragmented society, political backwardness and poverty. And we are trapped in a consumerist and import-dependent economy with a stagnant manufacturing sector.
3 mins
October 28, 2025
The Philippine Star
PNB income rises 23% to P18.5 B
Philippine National Bank (PNB) of taipan Lucio Tan posted a 23-percent increase in its consolidated net income to P18.5 billion from January to September, driven by growth in loans, investments and fee-based income.
1 mins
October 28, 2025
The Philippine Star
Bad weather halts search for missing sabungeros
Search and retrieval operations for the remains of missing cockfight enthusiasts or sabungeros in Taal Lake have been suspended due to poor weather conditions worsened by the latest three volcano eruptions, according to the Department of Justice.
1 min
October 28, 2025
The Philippine Star
Golden lifts from Hidilyn army
Hidilyn Diaz's influence is in full effect.
1 min
October 28, 2025
The Philippine Star
MIGUEL'S SHINING MOMENT
Miguel Tabuena provided one brief shining moment that will live forever in the hearts and minds of Filipino fans in a nation struggling in the depth of dark despair.
1 mins
October 28, 2025
The Philippine Star
KOREAN ACTOR BANG SUNG HOON WANTS TO WORK WITH KAPUSOSTARS
Korean actor Bang Sung Hoon was recently in town for a special event organized by Bench. He is friendly, engaging, funny and a gentleman. Sung Hoon wants to work with Alden Richards and Marian Rivera if given the opportunity. As for his love life, he is currently single and likes the girl to make the first move since he is a bit shy.
2 mins
October 28, 2025
The Philippine Star
Israel insists it calls shots in Gaza despite truce
Israel insisted on Sunday that it will maintain control of security inside Gaza despite signing up to a US-brokered ceasefire that foresees the deployment of an international security force.
1 mins
October 28, 2025
Listen
Translate
Change font size