U.S. Data Centers Set for $14 Billion in 2Q Starts Amid A.I. Boom

March 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The ever-flourishing field of artificial intelligence (AI), particularly its role in social media platforms, is driving much of the demand for data centers in tech hotspots across the U.S., including areas near Austin, Texas, and Portland, Oregon. The constant need for buildouts is forcing companies such as Microsoft Corporation (NASDAQ:MSFT) and Meta Platforms Incorporated (NASDAQ:META) to find more efficient ways to use their physical space.

Industrial Info is tracking more than $14 billion worth of active data-center projects that are set to begin construction in the second quarter, about $13 billion of which has a medium-to-high (70% or greater) chance of kicking off as scheduled. Other companies developing data center projects include Apple Incorporated (NASDAQ:AAPL).

Other companies featured: CBRE Group Incorporated (NYSE:CBRE)