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U.S. Data Center Spending Hits Record $40B Amid AI Boom
U.S. Data Center Spending Hits Record $40B Amid AI Boom
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BTCCSquare news:
U.S. data center construction spending surged to an unprecedented $40 billion in June, driven by the explosive demand for artificial intelligence infrastructure. The Bank of America Institute reports a 30% year-over-year increase, building on last year's 50% growth, as hyperscalers like Microsoft, Alphabet, and Amazon race to build capacity for generative AI workloads.
This infrastructure arms race highlights the energy-intensive nature of modern AI systems, requiring specialized hardware and sprawling server farms. Nvidia and other chipmakers stand to benefit as the industry scrambles to meet computing demands that now dictate the pace of technological progress.
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