The first half of 2025 has seen over US$1.2 trillion in global AI and digital infrastructure investment announcements. In Europe alone, US$200+ billion has been committed, marking a noticeable acceleration in development. At the 20th Data Cloud Global Congress in Cannes, The Tech Capital sat down with Michalis Grigoratos, CEO of InfraPartners, to gauge his perspective on the state of the market, the rise of new players, and the realism behind the AI hype.