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Data Center Spending Needs to Be at $1.4 Trillion in Next 5 Years, Says Cathie Wood

Cathie Wood, Founder, CEO and CIO of Ark Invest, said that investment in data centers needs to ramp up significantly to $1.4 trillion in the next five years to support the AI boom. Wood also discussed the impact of AI on the job market, saying she's not concerned with disruption and arguing that AI will create 'new worlds' of job creation in the future. (Source: Bloomberg)