Adaire Fox-Martin, the CEO of Equinix, gave an interview laying out their strategy for the next few years. The biggest news is that they plan to bring on as much capacity in the next five years as they did in the last 27 years combined. She acknowledged the industry is facing a power crunch that will likely last until 2028. After that, she expects things to ease up with on-site generation and grid innovations. Regarding AI, they are betting heavily on inference rather than just training. She estimates the inference market will be roughly $250 billion and double the size of the training market by 2029. They are also using joint ventures to handle capital-intensive builds for hyperscalers like Google so they don't have to hold it all on their balance sheet. She mentioned that 95% of internet traffic currently touches their environment at some point.