The comparison

All ten markets, side by side.

One booming industry, ten very different places to build it. Every market in the series, scored on the six things that decide where the AI build actually lands. Filter, re-weight and compare – the league table changes with the question you ask.

So which is the next hotspot? It depends what you need first.

10
Markets
6
Dimensions
5
Lenses
3
Tiers
Readiness index

Ten markets, six dimensions, one shape each.

Every market scored 0–10 on the six things that decide where the build lands. Pick a market to read its shape against the field; switch the dimension to re-rank the bars; filter by tier.

Overallclick a market
Tier
Indicative editorial scoring, drawn from the per-chapter readiness reads. See the tier overlay below ↓
The positioning map

Where each market sits, on any two forces.

A ranked list hides the trade-offs. Plot the ten on any two dimensions to see the clusters – and who wins for opposite reasons. Dashed lines mark the field average.

The shapes, side by side

Ten readiness profiles, one framework.

Each market on the same six axes. The gold shape is the market; the faint shape behind it is the field average – so strengths and gaps read at a glance. Tap any to open its chapter.

Power & the grid

Electrons decide the map.

Capital is mobile and chips are global; power is neither. The markets ranked on the power dimension, with the grid reality behind each score. Select a market.

9/10
Brazil
The cleanest hyperscale grid on earth, if the wires can carry it.
7–10yr
Europe
Grid-connection queue against a two-year build.
Self-gen
The Gulf & South Africa
The winners make their own power.
Capital & who builds

From sovereign cheque to running rack.

The same names recur in every market. Capital pools at the left, compute at the right, and the chain between them is the industry. Logos shown are referenced across the report.

Capital in motion · the build stack
Sovereign capitalthe new money
PIFPIF
MUBMubadala
MGXMGX
ADQADQ
KHAKhazanah
TEMTemasek
Investorsinfra & platforms
Blackstone
Brookfield
KKR
Actis
Ardian
Coatue
Hyperscalers & AIthe demand
AWS
Microsoft Azure
Google
Meta
Oracle
OpenAI
Anthropic
CoreWeave
ByteDance
Operatorswho run the racks
Equinix
Digital Realty
CyrusOne
Vantage
STACK
EdgeConneX
Ascenty
Data4
NTT
Scala
Chips, power & coolingthe kit
NVIDIA
Vertiv
Schneider
ABB
Cummins
Caterpillar
Where it lands

Ten markets, one map.

The build is global, but it is not even. Each pin is coloured by tier. Select a market for the read.

The binding constraint

What stops each one.

Every market is gated by one thing first. Solve everything else and this is what is left. Select a market.

The six dimensions · scored 1 to 10, indicative editorial weighting
The matrix

The ten, on one screen.

Darker is weaker, brighter is stronger. Click any column to sort by that dimension; click a market to open its read. Switch the lens to re-weight what matters and watch the order change.

Tier
Region
Lens (re-weights the overall)
The shapes

Incumbents, challengers and emerging, overlaid.

The radar shows the trade-offs a table flattens. The default contrast is the structural one in this report: the incumbents against the emerging field. Add or swap up to three series.

Averages are unweighted means across the markets in each group. Individual markets use their own scores. Hover a market in the matrix above for the figures behind each shape.

The findings

What the comparison shows.

The Entelligencia read