Inside the AirTrunk deal: how to build a $24b business in nine years

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This week on The Fin podcast, Paul Smith and Anthony Macdonald on whether Robin Khuda can grow a $100 billion business and what might get in his way.

It was the biggest deal in Australia this year. And on Tuesday,had a simple explanation for why his nine-year old business is the country’s latest knockout success story. Speaking in front of a packed room at the AFR Property summit he said it was a reflection of the way the world is moving.

“So if you look at 2010, the top three biggest US companies were Walmart, ExxonMobil and Chevron,” he said. “Now the top three companies in the US are Apple, Microsoft and Nvidia.” Microsoft is one of AirTrunk’s biggest customers and the chipmaker Nvidia is emblematic of the rise AI and with it, the growth in demand for the data centres that power it.

Khuda said while AirTrunk has expanded into five countries in Asia there is more growth to come. But there are huge challenges. At the top of the list – the huge amounts of energy and water data centres require to operate., Technology editor Paul Smith and Chanticleer columnist Anthony Macdonald on the remarkable rise of AirTrunk and its founder Robin Khuda, whether he can grow it to a $100 billion business under new owner Blackstone and what might get in his way.

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