AI dominates every conversation with infrastructure investors right now, but most of the commentary is either too breathless or too dismissive. In this episode of Pathways, Daniel McCormack, Head of Research at Macquarie Asset Management, is joined by Aizhan Meldebek, Global Infrastructure Strategist, and Anton Moldan, Head of US Digital Infrastructure at Macquarie Asset Management, to dig into where AI is actually creating value for infrastructure — and where the hype has run ahead of reality.

Aizhan starts with the jobs debate before walking through her sector-by-sector "heatmap" of AI's impact across the infrastructure universe, from clear beneficiaries to more nuanced calls — and what it would mean for the asset class if the AI investment cycle disappointed.

Anton then brings an on-the-ground view from data centre development, covering pre-lease capital risk, power availability, the training-versus-inference debate, and where enterprise AI adoption really stands today.

Related content: What AI can't build: The enduring role of infrastructure in a disrupted world.

https://www.macquarie.com/about/company/macquarie-asset-management/institutional/insights/pathways/what-ai-cant-build.html

Send our podcast team feedback

Relevant disclaimers and other information can be found here.