{"id":50,"date":"2023-08-11T03:32:57","date_gmt":"2023-08-11T03:32:57","guid":{"rendered":"https:\/\/www.yardi.asia\/?p=303292"},"modified":"2026-08-06T04:15:01","modified_gmt":"2026-08-06T11:15:01","slug":"generative-ai-and-the-race-for-space","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/apac\/generative-ai-and-the-race-for-space\/","title":{"rendered":"Generative AI and the race for space"},"content":{"rendered":"\n<p><em>By the end of 2028, more than six billion users \u2013 around 90% of the global smartphone market \u2013 will be using generative AI. What should property leaders do today to prepare for the world of AI tomorrow? Yardi\u2019s Bernie Devine has some ideas.<\/em><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2023\/08\/Data-Centres-Fuelling-the-AI-Future-Cover-Image-1.png?resize=1024,721\" alt=\"\" class=\"wp-image-303294\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\"><\/div>\n<\/div>\n\n\n\n<p>Fuelling the AI Future, Yardi\u2019s latest thought leadership paper, is packed with jaw-dropping statistics.<\/p>\n\n\n\n<p>Take the growth of the most widely adopted generative AI tool, ChatGPT. Two months was all it took for ChatGPT to hit a history-making 100 million users. In comparison, TikTok reached the milestone in nine months, the worldwide web in seven, while the telephone was on a 75-year trajectory.<\/p>\n\n\n\n<p>Artificial intelligence is not new, notes Yardi&#8217;s Senior Regional Director for Asia Pacific Bernie Devine. \u201cWe&#8217;ve been talking about AI since Alan Turing invented the Turing Test in 1950, which set the bar for an intelligent machine. What\u2019s different \u2013 and daunting \u2013 about generative AI is that it doesn\u2019t make decisions based on existing data. It creates new data, and that new data is fuelling demand for data centres.\u201d<\/p>\n\n\n\n<p>Analysts estimate that generative AI data centre server infrastructure, when combined with operating costs, will exceed US$76 billion by 2028. This is more than twice the annual operating cost of Amazon\u2019s cloud services, which holds one third of the world\u2019s cloud infrastructure.<\/p>\n\n\n\n<p>Data centres need connectivity, electricity and land. \u201cAs our new report shows, land is in short supply in many capital city markets,\u201d Bernie says.<\/p>\n\n\n\n<p>\u201cAn even bigger challenge for data centre operators is energy efficiency. Data centres are currently responsible for around 1% of the world\u2019s energy-related greenhouse gas emissions. The rapid growth in AI will inevitably translate into extra energy consumption.\u201d<\/p>\n\n\n\n<p>Advances in IT hardware, innovations like immersion cooling, and a shift from small enterprise data centres to cloud and hyperscale data centres have bolstered efficiency, Yardi\u2019s report notes. Many large-scale data centre operators are embracing renewable energy to offset their emissions.<\/p>\n\n\n\n<p>As generative AI workloads and models become more complex, so does the data centre operations challenge, Bernie adds. \u201cHow do you manage leasing, billing, procurement, maintenance and work orders, vendors and more? Streamlining operations is the secret to maximising revenues and improving investor return on investment.\u201d<\/p>\n\n\n\n<p>Generative AI presents both rewards and risks, and Yardi joins the many organisations around the world calling for greater visibility, scrutiny and regulations around AI development to ensure it is used ethically. But the power of generative AI is enormous. Yardi Rentcafe, for instance, incorporates a chatbot to talk to prospective build-to-rent customers. Yardi Payscan is a paperless invoice process powered by AI.<\/p>\n\n\n\n<p>\u201cThere is no question that we must carefully navigate our way. Intellectual property infringement, identity theft, social engineering, security threats\u2026 there are plenty of challenges ahead. But the generative AI genie is out of the bottle. The property sector must pilot a new course and a new space race is on.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Data+Centres+Fuelling+the+AI+Future+%28White+Paper%29&amp;utm_source=yardi&amp;utm_medium=blog&amp;utm_campaign=wp23dcai\">Download Yardi\u2019s latest thought leadership paper Fuelling the AI Future<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By the end of 2028, more than six billion users \u2013 around 90% of the global smartphone market \u2013 will be using generative AI. What should property leaders do today to prepare for the world of AI tomorrow? Yardi\u2019s Bernie Devine has some ideas. Fuelling the AI Future, Yardi\u2019s latest thought leadership paper, is packed [&hellip;]<\/p>\n","protected":false},"author":722,"featured_media":58316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3719,3728,3729],"tags":[],"class_list":["post-50","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-commercial","category-mixed-portfolios"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"By the end of 2028, more than six billion users \u2013 around 90% of the global smartphone market \u2013 will be using generative AI. 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