IREN Synthesis: New AI Data Center to Further Boost AI Demand, Infrastructure Supply Struggling to Keep Up

BlockBeats News, August 16th, IREN Co-Founder and Co-CEO Daniel Roberts wrote that with each new AI data center added, the AI demand will only increase rather than decrease. He argued that comparing the current AI infrastructure cycle to past technological booms overlooks the fact that stronger AI itself requires more computing power, and cheaper AI will also lead to greater usage.

Roberts pointed out that each leap in AI capabilities creates new use cases that did not exist a year ago, so the demand can grow at the pace of software development, but the supply cannot keep up. The expansion of computing power supply depends on factors like power access, transmission lines, concrete, steel, and a large number of construction workers, with its growth rate restricted by real-world infrastructure.

He stated that in past technology boom cycles, technological advancements could often help supply catch up with demand, but this time the technology itself is driving demand to grow exponentially, while the real-world construction speed cannot keep up fast enough.