America's Data Center Buildout Is Badly Behind Schedule
JP Morgan warns over 60% of data center capacity due in 2027 hasn't even broken ground yet.
The US data center expansion is hitting a wall. According to JP Morgan, more than 60% of data center capacity slated for completion in 2027 hasn't even started construction. That's a staggering gap between ambition and reality.
The bottleneck is real and it's slowing down the entire industry. Power availability, permitting delays, and supply chain constraints are choking the pipeline.
Google apparently has a plan to work around the gridlock. The search giant is raising a fresh $80 billion — a war chest clearly aimed at securing capacity while competitors scramble. When you can't wait for infrastructure to catch up, you throw money at the problem.
The implications are significant. Every major tech company betting on AI needs massive compute infrastructure yesterday. If builds keep lagging, the AI arms race could hit a very physical ceiling.