Real estate services company JLL said artificial intelligence data center construction projects — particularly those around Dallas/Fort Worth and Washington, D.C., in the US — are generating new demand for storage space and driving up rents in the third quarter. Companies such as Google's parent company Alphabet, Microsoft, Meta Platforms, and Amazon are investing billions of dollars to compete for supremacy in the field of artificial intelligence. Artificial intelligence uses a lot of electricity to operate, and servers and computer chips must be cooled to prevent overheating.

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