
HSBC CEO warns the AI boom won’t make every data center a good bet
Data center campuses house the servers that power AI and cloud computing. AI is a transformational technology worth investing in — but investors must be selective when investing in data centers, according to the head of one of the world's biggest banks. Speaking to CNBC's Dan Murphy on Tuesday, HSBC CEO Georges Elhedery called artificial intelligence "a major enabler to re-engineer and reimagine all our businesses, all our activities." "It's.






