Alan Kohler

But we do have some gas with which to trade, and Anthony Albanese is using that, which I think is a very, very good idea.

See you, Carrington.

Artificial intelligence is taking over the world, not just the share market, but also our power supplies, our water and maybe our workforces.

Now, one of the companies that's at the centre of this revolution is Australia's NextDC, listed on the ASX, currently valued at $10 billion almost.

And it's been building data centres in Australia for 15 years, but it's now taking off because of AI.

Last week, it announced a huge increase in its order book and a capital raising of $1.5 billion in order to build more data centres all around Australia.

Craig Scroggie has been the chief executive of Next DC for its entire 15 years existence.

And he joins me now for this week's interview.

G'day, Craig Scroggy.

Thanks for joining us on This Business.

Now, we can see that there's something pretty remarkable going on with AI this year, just in the share prices of the AI businesses and semiconductor companies.

Can you just give us a sense of what you're seeing, starting with your own company, and what's happening to demand for what they call compute in your centres?

So yeah, it's virtually thousands.

So you're reminding us that you obviously have been around longer than AI, or at least the big AI boom that started with the release of ChatGPT in 2022.

Has there been, I mean, what we can see, a sort of an inflection point in your business as a result of the coming of AI?

It is.

And what about globally?

You're obviously keeping an eye on what's happening around the world.

What is the build rate of data centers

and the growth in demand around the world?