Digital Realty CEO Andrew Power said slower AI development timelines at Anthropic and OpenAI do not necessarily reduce demand for data center infrastructure. The company operates roughly 3 GW across 300 facilities in 55 metropolitan areas worldwide, while its development pipeline has expanded to $20 billion from $10 billion at the end of 2023. Digital Realty also has a further 6 GW development runway. Projections cited in the discussion suggest AI could account for roughly 70% of global data center capacity demand by 2030, alongside an estimated $3 trillion in real estate investment over the following five years. The company has opened a 6.4 MW facility in Nairobi, formed a joint venture for a 22 MW center in Ankara and secured a provisional 50 MW allocation in Singapore, where energy concerns have limited new approvals. Digital Realty and Equinix shares slipped after major AI developers signaled a more measured pace of progress, but Power pointed to cloud adoption, enterprise software, streaming, financial services and healthcare workloads as continuing sources of physical infrastructure demand. For long-term investors, the $20 billion pipeline may be more significant than the short-term stock reaction.