Analysis: US private construction spending on data centers grew to ~$30B/year, over 2x the amount in late 2022; global spending is on track to reach $250B/year (Ben Holland/Bloomberg)

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Ben Holland / Bloomberg:
Analysis: US private construction spending on data centers grew to ~$30B/year, over 2x the amount in late 2022; global spending is on track to reach $250B/year  —  US companies are plowing money into building data centers as they race to get ahead in artificial intelligence.