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Story summary
- Nokia CEO Justin Hotard said the tech industry could build data centers twice as fast without supply constraints.
- He noted shortages of key memory chips and energy limit construction speed.
- Nokia pivoted to become a major AI-infrastructure supplier, selling technology that links chips in racks and interconnects data centers globally.
- Research projects AI-related infrastructure spending will total $10.3 trillion from 2025 to 2032, averaging 3.63% of U.S. GDP each year.