Nokia's CEO said that without the current supply restrictions, the technology industry will double the speed at which data centers are being built. This statement highlights the continued demand for AI, even though industry executives are debating about slowing the pace of development. “I don't think we're overbuilding right now, because the reality is — if we can build twice as fast, and if our customers can build twice as fast, they'll probably do the same,” Justin Hotard said. “So I'm confident we're still in the early stages of the AI construction wave.”

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