New data centers are being built around the world in connection with AI initiatives.
According to a compilation by S&P Global, spending will reach a record $61 billion in 2025, with the US and Canada accounting for the vast majority. Europe, on the other hand, accounts for only a small fraction of spending on data center construction. “In Europe, the buildout of data centers is expected to grow at a lower rate than other regions,” S&P Global Market Intelligence analyst Iuri Struta told CNBC. The biggest obstacle to the construction of new data centers is said to be the lack of cheap energy, which in turn has led to a renewed interest in nuclear power.
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