AI boom or bust? Investors worldwide are hedging their bets, and Australia is in the race with the latest economic growth figures showing the expansion of data centres drove private investment in the September quarter. 

Australia was already the second-largest destination for investment in data centres last year, attracting $10 billion, with forecasts that the massive computing farms could make up 6 per cent of all electricity demand by the end of this decade. GIL LURIA ... who is the head of technology research at investment firm D.A. Davidson