ABB CEO ‘very confident’ of demand for data centers powering AI

Switzerland’s ABB is “very confident” about future demand from data centers that power artificial intelligence, its CEO Morten Wierod told Reuters.

The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers being built to meet AI and cloud computing demand.

CEO confident in data centre demand

“Over the next five years I am very confident about demand from data centers,” Wierod said on Thursday.

“I don’t think there is a bubble, but we do see do see some constraints in terms of…