From the website of the International Energy Agency:
The largest technology companies are contributing to a surge in data centre investment, as their capital expenditure exceeded USD 400 billion in 2025 – and is expected to jump by another 75% in 2026. Capital expenditure of just five technology companies is now larger than global investment in oil and natural gas production. Many jurisdictions are seeing project pipelines accelerate dramatically, although not all projects will come to fruition. Those that are moving forward are doing so at pace: the IEA’s unique satellite-based tracking shows that “artificial intelligence (AI) factories” – cutting-edge data centres specifically designed for AI – have more than tripled in capacity in the past 18 months. Meanwhile, the capabilities of AI are improving quickly, increasing the likelihood that it will reshape economic growth, innovation and competitiveness and disrupt established industries and jobs.
More here.
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