BREAKING: US data center construction spending jumped +34% YoY in March, to a record $50 billion annualized rate.
Spending on data centers is up +437% since the beginning of 2021, when the annualized rate stood at ~$9 billion.
This is also up +688% since the start of 2018, when the annualized rate was just ~$6 billion.
Meanwhile, office building construction spending fell -9% YoY in March, to $46 billion, the lowest since 2015.
This means that spending on data centers now exceeds office building construction by $4 billion, or +9%.
To put this into perspective, office construction spending exceeded data center spending by $65 billion, or +650%, in 2020.
AI is fundamentally transforming the US economy.
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Spending on data centers is up +437% since the beginning of 2021, when the annualized rate stood at ~$9 billion.
This is also up +688% since the start of 2018, when the annualized rate was just ~$6 billion.
Meanwhile, office building construction spending fell -9% YoY in March, to $46 billion, the lowest since 2015.
This means that spending on data centers now exceeds office building construction by $4 billion, or +9%.
To put this into perspective, office construction spending exceeded data center spending by $65 billion, or +650%, in 2020.
AI is fundamentally transforming the US economy.
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A large Russian ballistic missile, cruise missile, and drone attack is currently underway against Kyiv proper and other oblasts throughout the nation
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Maoβs Great Leap Forward caused the deadliest man-made famine in history, killing 30β45 million people & collapsing Chinaβs economy.
You canβt necessarily build a good society, but you can avoid a horrible one simply by not adopting communism.
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You canβt necessarily build a good society, but you can avoid a horrible one simply by not adopting communism.
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NEW: 11 teachers in Canada of "North African" descent who were teaching "Islamist religious concepts" to elementary school children have been fired.
The teachers allegedly made the students pray in class, and physically & psychologically abused them.
According to an investigation, the "North African" teachers were influenced by a local mosque. They subjected the kids to "physical and psychological abuse."
They allegedly forced the children to pray in class and refused to teach s*x education.
What a total mess Canada is.
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The teachers allegedly made the students pray in class, and physically & psychologically abused them.
According to an investigation, the "North African" teachers were influenced by a local mosque. They subjected the kids to "physical and psychological abuse."
They allegedly forced the children to pray in class and refused to teach s*x education.
What a total mess Canada is.
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NOW - Hordes of little Chinese kids jumping up and down, waving American and Chinese flags, greet Trump and Xi
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Tinder fundamentally changed the dating landscape.
Today, roughly 50% of couples meet online.
If I hadnβt met my wife when I did, Iβd probably have died alone.
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Today, roughly 50% of couples meet online.
If I hadnβt met my wife when I did, Iβd probably have died alone.
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LA MAYOR RACE, POLITICAL VIOLENCE: Democrats began stalking and making death threats again Spencer Pratt and his family when they learned he was living in a travel trailer on his empty lot. When he moved to a nearby hotel Democrats doxxed his location and the stalkers and death threats resumed
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Americans are very worried about their jobs:
The perceived probability among US consumers that the unemployment rate will be higher in 1-year increased +0.4 percentage points in April, to 43.9%, the highest in 12 months.
Excluding April 2025, this is the highest reading since the 2020 pandemic spike, according to the NY Fed.
Since the start of 2025, this percentage has risen +10 points.
Meanwhile, 61% of consumers expect unemployment to increase over the next 12 months, according to the University of Michigan Surveys of Consumers.
By comparison, only 14% of respondents expected unemployment to rise in 2021.
This level of pessimism has never happened outside of a recession.
Job market expectations are at recession-like levels.
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The perceived probability among US consumers that the unemployment rate will be higher in 1-year increased +0.4 percentage points in April, to 43.9%, the highest in 12 months.
Excluding April 2025, this is the highest reading since the 2020 pandemic spike, according to the NY Fed.
Since the start of 2025, this percentage has risen +10 points.
Meanwhile, 61% of consumers expect unemployment to increase over the next 12 months, according to the University of Michigan Surveys of Consumers.
By comparison, only 14% of respondents expected unemployment to rise in 2021.
This level of pessimism has never happened outside of a recession.
Job market expectations are at recession-like levels.
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Trump makes a b-line for Xi Jinping and they engage in one of the most intense handshake battles of all time
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In a moment of reflection ChudTheBuilder talks about the reality of his current situation
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Everyone: "Have you heard that Dan Bilzerian and Nick Fuentes are fighting?"
Chud the Builder's subplot:
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Chud the Builder's subplot:
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β‘6
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Would you go there for one year, alone, with no human contact and no internet, for $1 million?
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This what fighting for freedom of speech looks like. If you're not doing something for our freedoms, you're just sitting by like a cuck in a cuck chair. But doing nothing isn't an option, or you become like the UK
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