US data center construction spending jumps 90% YoY

US data center construction spending rose by 90% year-over-year in September to reach a record annualized rate of $96.5 billion, marking the largest increase in a decade. Meanwhile, general office construction spending fell 8% year-over-year to $46.0 billion, creating a record gap of $50.5 billion between the two sectors. The data suggests that the ongoing artificial intelligence infrastructure buildout is transforming the broader US economy. Open article →