The data-driven economy has spoken, and AEC firms are taking note to the tune of a projected $180 billion worth of new construction spending on data center projects as of the end of Q3 this year. The figure comes from a Dell’Oro Group report, which also pointed out just three companies—AWS, Azure, and Google Cloud—were responsible for 80% of Q3’s spending. Model training for AI is seen as a driving force. The numbers are reflected in the two latest Dodge Momentum Index reports. (h/t Construction Dive)
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That building looks like a mausoleum. There may be a metaphor here.
When AI goes boom, can we take them and use for CEO burial plots?
Beta—
Related:
https://www.newyorker.com/news/the-financial-page/how-long-will-the-trump-crypto-boom-last?
John Cassidy predicts a crypto boom/bust.
With the election of Trump, it seems like all four conditions are now in place, laying the foundation for a broader bubble that pulls in a lot more people. Blockchain technology is still being developed, and its promoters are still claiming it’s about to upend the banking system, or revolutionize the international payments system, or have some other transformative effect. On Musk’s X, crypto enthusiasts have a huge social platform they can use to tout crypto assets and to flame doubters. But the key development is that policy and Wall Street are now also aligning with the crypto world.
The four conditions:
But regardless of the objects of speculation, as I was writing about the Internet stock bubble, I concluded that big speculative episodes rest on four legs: a new technology that gets investors pumped; an efficient method they can use to communicate; the active participation of the financial industry; and a supportive policy environment.
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