AI infrastructure investment still has further to runAustralia emerges as a data centre investment hubIdentifying the ASX's AI beneficiariesAI to feature heavily throughout August resultsBy Danielle EcuyerImproved costs and productivity accelerates AI investmentAI fatigue and concerns create opportunitiesUS commentator Ed Yardeni may have had his finger on the trigger when he wrote,“Investors are suffering from AI fatigue. They've concluded that there is no way to estimate whether all the capital spending on AI infrastructure will generate good ROIs in the coming years. Morgan Stanley compares AI infrastructure with an "Intelligence Superhighway", arguing the more useful AI becomes, the more valuable the infrastructure supporting it becomes. Australia is a prime candidate for data centre investmentTurning closer to Australia, Oxford Economics has observed a "step-change" in data centre investment underpinned by a transition to AI-related compute. Data centre capacity, including the proposed pipeline, is forecast to reach around 25GW from current capacity nearing 2.2GW.