Several tech giants have announced significant data center projects. Amazon plans to invest $150 billion over 15 years, with new projects in Ohio. Google is expanding with projects in Arizona, Indiana, and Nebraska. Meta aims to construct a massive data center in 2025, with ongoing projects in multiple states. Microsoft plans to invest over $80 billion in cloud data centers, with major projects in Wisconsin and Ohio. Oracle is expanding its data center footprint, including a large AI-focused facility in Salt Lake City. These investments highlight the sector's critical role in supporting AI and cloud computing growth.
Key takeaways:
- Data centers are significantly boosting nonresidential construction planning, contributing to a 19% increase in planning activity since December 2023.
- Major tech companies like Amazon, Google, Meta, Microsoft, and Oracle are heavily investing in data center infrastructure to meet growing AI and cloud computing demands.
- Amazon plans to invest $150 billion over 15 years in data centers, while Google is expanding its digital infrastructure with projects in Arizona, Indiana, and Nebraska.
- Oracle is working on a data center powered by nuclear reactors and plans to spend $10 billion on data center expansion in 2025.