J.P. Morgan, Blackstone and other financial giants are buying “industrial outdoor storage,” sites vital to logistics, trade and the construction of data centers.
Wall Street investors were already drawn to “industrial outdoor storage,” or IOS, lots because of e-commerce and logistics, but now there’s a new reason for them to invest: artificial intelligence.
Amazon, Microsoft, Google, Meta and OpenAI plan to spend at least $325 billion by the end of the year in pursuit of A.I. We explain why they’re doing it.
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