Mubadala’s Al Mubarak: Energy demand from AI creates huge investment opportunity
CEO of Abu Dhabi sovereign wealth fund tells Davos audience that need to power AI data centers will require global approach by investors
Mubadala CEO Khaldoon Al Mubarak speaks at the Global Investment Summit in London last November. Stefan Rousseau - WPA Pool/Getty Images
DAVOS, Switzerland – The enormous amount of energy needed by data centers engaged in artificial intelligence work presents a new opportunity for investors, Khaldoon Al Mubarak, Group CEO and Managing Director of Abu Dhabi’s Mubadala sovereign wealth fund, said Thursday at the Davos World Economic Forum meeting.
“There is an unbelievable demand story that’s going to be built up over the next years,” Al Mubarak said during a panel discussion on world trade. “I think that’s a very important opportunity.”
He said filling the energy needs for generative AI “can only work effectively in a globalization perspective, with countries working together, corporations and investors like ourselves working together and being efficient.”