The data center industry is experiencing rapid growth driven by the increasing demand for AI and cloud computing infrastructure. Private equity is playing a major role in reshaping data center investments in 2025, with a focus on AI-ready infrastructure, power-secure development, and operational discipline, according to Boston Consulting Group's Vivian Lee. Moody's Ratings has issued warnings about the risks of overbuilding and infrastructure challenges as companies race to build gigawatt-scale data center facilities. Despite the boom, some newer firms like Applied Digital are struggling to secure large customer leases. To meet the massive capital demands of AI development, the market for securitized lending for data centers is expected to surge by 280% this year. Microsoft, led by President Brad Smith, is committed to expanding its AI and cloud ecosystem in Europe, emphasizing data security and ongoing data center construction. King Street-backed Colovore recently closed a $925 million financing facility with Blackstone to support its AI data center platform. Meanwhile, NTT DATA is expanding its global data center footprint through land acquisitions in seven strategic markets.