Analysts see ‘global construction frenzy that shows no signs of slowing’ amid surge in demand from AI boom
A new report finds that investment in the worldwide data center market reached $61bn this year, setting a new record atop the wave of the artificial intelligence boom.
The analysis by S&P Global, first reported by CNBC, documented what the market intelligence firm called a “global construction frenzy that shows no signs of slowing”, to build out the massive real estate, hardware, and energy requirements driven by insatiable demand from AI companies. S&P pegged 2024’s investment in the data center market at $60.8bn, just below the 2025 number.
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