The AI data center bet keeps getting bigger. When asked on a recent earnings call how big the total market for digital infrastructure is, Blair Jacobson, co-president of private credit giant Ares, said it is a "multi-trillion-dollar market opportunity." Even excluding the hyperscalers' own spending , Jacobson said there's a $900 billion opportunity for third-party investment in data centers alone. And that's all before factoring in GPU financing or the enormous power buildout needed to support