High inflation, rising interest and plummeting stocks are taking a toll on Big Tech [...]
Despite the amount of blood on tech firms’ payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources.
— Construction Dive
The expected pullback from larger hyperscale data centers is nonetheless on pace to be absorbed by concurrent increases in the proliferation of smaller and more quickly deliverable colocation centers, according to recent market data.
Dodge Data & Analytics chief economist Richard Branch says he expects that boom will continue for at least the next two years. Google and Meta continue to be big drivers as demand is simply outstripping cost concerns. Other companies are even floating the possibility of data center construction on the moon should technology and the proper legal bodies allow.
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