Increasing use of artificial intelligence (AI) is spurring massive investment in data centers, which could top $2 trillion in the next four years. But huge energy requirements and uncertainties over future computing needs may pose long-term credit risks to developers, landlords and investors. 

Host: Louis Hau, Vice President - Senior Research Writer, Moody’s Ratings

Guests: John Medina, Senior Vice President, Moody's Ratings; Ryan Wobbrock, Vice President - Senior Credit Officer, Moody’s Ratings

Related research:

• moodys.com/datacenters
• Data Centres – Europe: Capacity to double by 2028, but energy access and regulation may constrain growth, 14 April 2025
• Data Centers – Global: 2025 Outlook – Developer leverage, regulatory risk to rise as growth surges, 14 January 2025