Credit: sdecoret/Adobe Stock Deal Watch: AI Race Changes Deal Market, Influencing Capital Markets, Energy, Real Estate Practices
Simpson Thacher partner David Azarkh said the need for capital to support AI companies and those in the energy, data, infrastructure and real estate industries "will mean additional capital markets offerings."
August 13, 2024 at 04:25 PM
8 minute read
The original version of this story was published on The American Lawyer
Dealmakers increasingly report that artificial intelligence is influencing big deals, leading to shifts in deal work for Big Law lawyers not only in M&A groups but those in capital markets, real estate, infrastructure and energy practices.
The cross-section of AI's influence is perhaps no more pronounced than in the combination of real estate, infrastructure and energy production that goes into creating and powering the data centers that make generative AI possible. Huge data centers, necessary for the computational power of artificial intelligence, are exploding wherever they can.
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