AirTrunk is set to open its first data center in India, according to the firm’s CEO.

Robin Khuda said the Blackstone-owned firm is reacting to overwhelming demand from users in India.

Khuda was speaking at a Fortune conference in Sydney on Thursday. His comments were first reported by Bloomberg.

He described the firm’s plans in India as “pretty advanced” but didn’t specify when or where the data center would be built, or what its capacity would be.

Describing the AI boom as “the single-biggest gold rush in human history,” Khuda said there is more than enough business across Asia to sustain AirTrunk and its rivals.

“It’s not like there’s only one winner who will take home everything,” he said.

Founded in 2018, AirTrunk was acquired by Blackstone and Canada Pension Plan Investment Board for US$16.1bn last year in what was the largest-ever deal in the space at the time.

AirTrunk has data center campuses in operation and development in Sydney (x3) and Melbourne in Australia, as well as Singapore; Hong Kong; Johor, Malaysia; Tokyo (x2), and Osaka, Japan.

This week, it was named as the potential buyer for a 1GW campus being planned in Western Sydney.