US data center build hits record as AI demand surges, Bank of America Institute says
Construction spending on US data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report.
By the numbers
The June figure represents a 30% increase from the previous year, following a 50% surge in 2024, the report said, citing US Census Bureau data.
