Equinix
World's largest colocation and interconnection REIT
Equinix operates 260+ IBX data centers across 70+ metros and runs the densest neutral interconnection fabric (Equinix Fabric) linking enterprises to every major cloud. In 2025 it launched a purpose-built AI colocation push and a joint venture with GIC and CPP Investments to fund >$15B of xScale hyperscale campuses for AI training. Its Cloud Exchange is a key on-ramp for AWS Direct Connect, Azure ExpressRoute, and Google Cloud Interconnect.
IBX data centers
260+ across 70+ metros
xScale JV (2025)
>$15B AI-campus buildout w/ GIC, CPP
Model
Colocation + neutral interconnection REIT
How it fits the stack
Equinix with what it depends on (above) and what it feeds (below). The figure renders as a crawlable diagram and upgrades to an interactive 3D graph as it scrolls into view.
Equinix in the AI stack. Equinix with its immediate upstream dependencies (top) and downstream dependents (bottom) in the AI value chain. Hover a node in 3D, or read the full relationships below.
Graph data (text) — 7 entities, 6 relationships
- Equinix —depends on→ Electricity Grid & Utilities
- Equinix —uses→ Liquid Cooling
- Equinix —partners with→ Amazon Web Services (AWS)
- Equinix —competes with→ Digital Realty
- Equinix —partners with→ Google Cloud (GCP)
- Equinix —partners with→ Microsoft Azure
Context — capital, rivals, policy · · 4