- Hyperscale capital expenditure reached $280 billion in 2024, up 40% year over year, according to Synergy Research Group's Q4 2024 tracker. AI workloads now account for over 60% of total spend.
- U.S. primary data center markets have 5.2 GW under construction with 2.1% vacancy in Q3 2025 (CBRE North America Data Center Trends). Developers are booking capacity into 2027, with some sites pre-leased before breaking ground.
- NVIDIA reported $110 billion in data center revenue for FY2025 (ended January 2025), more than double the prior year, driven by Blackwell and H200 GPU demand.
- TSMC's 2025 capital budget increased to $38–42 billion, with AI accelerators consuming 65% of advanced node capacity (Q2 2025 earnings call).
- OpenAI's Sam Altman announced plans for "gigawatt-per-week" AI infrastructure buildout, requiring unprecedented coordination with energy providers and supply chain partners.
- Synergy projects hyperscale capex to exceed $350 billion in 2026, with AI-specific infrastructure representing the majority of new investment.
These data points translate into substantial local economic activity: land acquisition, substation construction, fiber builds, and long-term operations staff.