Asia data centre valuations touch the sky amid AI frenzy

Asia data centre valuations touch the sky amid AI frenzy

FILE PHOTO: The logo of Indonesia's largest telecommunications services company PT Telekomunikasi Indonesia (Telkom) is seen at Plasa Telkom building in Jakarta, April 30, 2018. REUTERS/Beawiharta/File Photo

Global investors are queueing up to invest in data centre operators in Asia Pacific either by buying stakes directly or via public offerings, unfazed by their rich valuations that are driven by demand for artificial intelligence-based services.