The data center industry is vital for the economy - Advisor to the President of Russia

Anton Kubiakov noted: New power generation capacities are also needed for industry, both civilian and military.

Moscow, October 16. /TASS/. Adviser to the Russian President, Anton Kubyakov, said at a press conference during the Russian Energy Week forum that the data center industry is very important for the economy and society.

"The data center industry, as we all see now, is vital to the economy and society. And our partners and competitors, China and the United States, are building very, very large numbers of them. The situation that AI, although a "classic bubble" that will burst soon due to rising interest rates and the need to convert assets into cash, does not change this fact until 230. 5-7% of global electricity.

Kubyakov added that new power generation capacities are also needed for both civil and military industry and the development of electric transportation.