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BREAKING: The value of US data centers under construction has officially surpassed the value of office buildings under construction for the first time in history.
Data centers under construction are up+29% YoY, to a record $45.1 billion.
Meanwhile, the value of offices under construction are down -13%, to $43.5 billion, the lowest since October 2015.
Since November 2022, when ChatGPT was launched, data center construction is up +228%.
Over that same period, office construction is down -38%.
AI is reshaping the US economy.

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