AI data center construction approaches 489,003 BTC by 2027 \ stacker news ~Construction_and

USD/BTC = $83,772 Block 888,083 TL:DR

The data center market has seen significant growth in just two years, with its value more than doubling since 2022 to $27.7 billion. Investment banking firm FMI projections suggest it will surpass $41 billion by 2027.

Turner Construction Company chairman and CEO Peter Davoren joins Asking for a Trend host Josh Lipton to share insights on the data center boom and the future trends he expects for global AI data centers.

Now, what we're seeing is 30% of our backlog of over $32 billion is in the data center market, in the advanced technology market. And, we believe that it's going to go up to about 40% in '26 and '27," Davoren forecasts.

Davoren highlights how the demand for data centers is global: "The race for land and power in Europe and Asia is still extremely strong for the hyperscalers and the allocators."

Additionally, Davoren discusses Turner’s competitive advantage, emphasizing the importance of treating workers with respect: "We feel that this is a differentiator for us, so that their facilities on the project are as good as the facilities we have in our office."

Watch the video above to hear Davoren discuss more on Turner Construction Company's pivotal role in the AI data center boom.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Josh Lynch

My Thoughts 💭

This AI Industry has so many knock off effects now. Turner a massive construction company is banking on 30% to 40% of its business to come from AI. What happens if these projects get cancelled? It will be a very ugly experience for the economy.

134 sats \ 0 replies \ @Bell_curve 11h

We need to expand and modernize and retrofit grids and transmission lines to meet and supply the power demands of ai data centers

This is a nationwide problem, some states are in worse shape than others

56 sats \ 1 reply \ @kurszusz 10h

I agree with your thoughts I think the AI market is really "running" right now, but it's not designed for a marathon, but rather a sprint...so it will die out pretty quickly. AI is all well and good (if used for positive things), but I think it's pretty overrated right now. It seems to me like a bubble that will burst soon, and then a lot of people will "burn themselves"...but of course the "big dogs" will do well

10 sats \ 0 replies \ @BlokchainB OP 8h

The major bet is AGI if we get that then all this spending might be justified thanks to the gain in productivity