03
Mar
AI & data centres: Making sense of the boom
As technology companies race to develop cutting-edge artificial intelligence (AI) models, data centres have become some of the most important infrastructure in the world. Data centres’ high energy demands, along with the complexity of different AI workloads, have investors considering how and where they build data centres, and the accompanying power infrastructure. For investors, scaling data centre infrastructure at an unprecedented pace is capital intensive and will require more than a trillion dollars in investment across the ecosystem. Understanding how to manage the risks (and opportunities) around capital expenditure, energy demand, profitability, and the future exit strategies for these massive assets are critical when deciding whether to pull the trigger and join the party.
- What strategies are investors employing to build and acquire data centres?
- How do you manage the associated capital expenditure surge?
- How are power and data centre development capabilities being integrated?
- Is the industry experiencing bottlenecks when it comes to power demands?
- How are investors staying one step ahead as AI technology and infrastructure demands continue to evolve?
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SpeakersTim Foy Head of Infrastructure Investment Banking J.P. Morgan
Sumit Mukhija Group Chief Executive Officer DCI Data Centers
Michael Gold EGM, Data Centre Investments Macquarie Technology Group
William Smales Partner and Chief Investment Officer Morrison
Marcia Cameron Head of Real Assets Direct REST
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Tim Foy is Head of Infrastructure investment banking for Australia / New Zealand at J.P. Morgan, where he advises financial sponsors, superannuation funds, government clients and multinational corporates across the utilities, transport, digital and social infrastructure sectors. He leads a team focused on M&A, equity and debt capital markets, with deep experience underwriting long-duration assets across regulated utilities, toll roads, airports, renewable energy and digital infrastructure.
Tim has spent his career analysing and structuring capital-intensive infrastructure businesses through multiple market cycles. His work spans complex cross-border transactions, large-scale capital raisings and strategic advisory on assets that sit at the intersection of energy transition, digitisation and economic growth.
Sumit Mukhija is a seasoned international leader in digital infrastructure with over three decades of experience scaling and transforming businesses across information technology, managed services, cloud, and data center infrastructure.
He currently serves as Chief Executive Officer of DCI Data Centers, a fast-growing datacentre platform focused on APAC, headquartered in Sydney, with operations across Australia, New Zealand, and South Korea.
Prior to DCI, Sumit was CEO of STT Global Data Centres in South Asia for over a decade, where he led significant regional expansion and platform growth. Earlier in his career, he held senior leadership roles at Microsoft, Cisco Systems, and the Tata Group across Select Asian markets.
Sumit holds a Bachelor of Engineering, a Post Graduate Certificate in Business Management, and a Non-Executive Director (NED) Diploma from the Financial Times.
Michael is Executive General Manager of Data Centre Investments at Macquarie Technology Group, where he leads strategic growth, capital investment, and partnership initiatives across the Group’s data centre portfolio.
A seasoned legal and investment executive, he previously served as the Group’s General Counsel & Company Secretary, overseeing legal, governance, and regulatory matters.
Michael has built deep expertise in construction and development, risk management, major infrastructure delivery, and M&A. Leveraging this breadth of digital infrastructure experience, he is driving a disciplined approach to Macquarie Data Centres’ pipeline of new campuses and investments.
William is responsible for leading the firm's global investment, asset management and sustainability activities.
He is also the digital infrastructure global head. He is a member of Morrison’s Investment Committee, Valuation Committee, Asset Management Committee, Partnership & Promotions Committee and Management Team.
William has served on the board of many Morrison digital infrastructure investments and is currently a Director of CDC Data Centres and Kao Data. Prior to joining Morrison in 2013, he worked at Carlyle as a Principal, based in London.
Marcia is an accomplished senior financial services executive with extensive experience across asset management, mergers & acquisitions, debt & capital management, public private partnerships and impact investment having worked in private and public sector in Australia and overseas. Prior joining REST, Marcia worked in the Real Assets team in AustralianSuper where she oversaw their global asset management program in addition to representing the fund as nominee director in two of their direct investments. Before AustralianSuper, she worked for NSW Treasury in their transactions team overseeing the State’s asset recycling program and various global financial institutions including Deutsche Bank, Citi, Barclays Capital and GE Capital.
Marcia holds a Master in Business Administration from MGSM, a Master in Portfolio Management from ESEADE and a degree in Business from Universidad Nacional de Lujan. Marcia is a graduate of the Australian Institute of Company Directors.