1324 ET - Brookfield Infrastructure Partners isn't rattled by Chinese startup DeepSeek's development work. Roberto Marcogliese, head of the company's telecom business in North America, tells investors DeepSeek's training of a new large language model is effectively just a piece of the improvement puzzle. He argues BIP's longer-term positive outlook hasn't changed for data center demand growth. "We're actually very excited by the prospect of having a more cost-effective AI tool, which should accelerate innovation, increase overall demand for AI and their application and ultimately make the technology more widely accessible to everyone." BIP continues to expect strong data center growth. "The capital required to support digitalization is staggering and will continue to create demand for large-scale and flexible capital from infrastructure investors like us." (robb.stewart@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 13:25 ET (18:25 GMT)
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