The National Investment Corp., a unit of the Kazakh central bank that manages part of the country’s $60 billion oil fund, sees data centers and other AI architecture as a path to stronger returns in a challenging environment, CEO Serikzhan Rysbekov said in an interview at the firm’s headquarters in Astana.
The rise of AI-powered tools—especially those using large language models and machine learning—has created unprecedented demand for computing power. These complex models require massive amounts of electricity not just during training, but continuously during deployment (or inference) as well.