US money enters Brazil's data-center race as Ares breaks ground near São Paulo
US-based investment firm Ares has broken ground on a large data-center project near São Paulo, entering Brazil's fast-growing digital-infrastructure market. Surging demand for artificial-intelligence capacity is accelerating foreign capital inflows into the country.
US-based investment firm Ares has broken ground on a major data-center project in the Guarulhos area near São Paulo. The move marks the latest example of foreign capital entering Brazil's digital-infrastructure market.
The spread of artificial-intelligence applications and cloud services is driving up demand for data-processing capacity. Brazil is emerging as a regional hub thanks to its large domestic market, renewable-energy resources and strategic location.
Industry executives stressed that power supply and grid connections will determine the pace of such projects. Growing interest from international funds points to a possible acceleration of new data-center investment in Brazil in the coming years. The project is also expected to bring local jobs and infrastructure spending.
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