"October 2025 alone recorded more than $350 billion of tangible data center projects under development. This, Mullins said, is no longer driven by the compute demands of training large language models (LLMs). We have moved into the inferencing stage. It is inference by applications that now consumes massive amounts of compute resources. In addition to generative AI applications like Gemini and ChatGPT, AI is being used in autonomous vehicles, robotics, liquefied natural gas, and more."
"Of the roughly $3.2 trillion in ongoing data center projects worldwide being tracked by IIR, North America accounts for two-thirds. Additionally: Europe accounts for $440 billion Latin America: $125 billion East Asia: $82 billion Southeast Asia: $81 billion China: $70 billion South Asia: $65 billion While IIR believes these are all realistic projects, not all are scheduled to kick off in 2026 or 2027."
Data centers dominated the PowerGen event as AI power needs reshaped industry priorities. Industrial Info Resources (IIR) reported more than $100 billion per month in new AI data center projects worldwide over the past year, with North America receiving the majority. October 2025 alone recorded over $350 billion of tangible data center projects under development as workloads shifted from training LLMs to inference-intensive applications. Of roughly $3.2 trillion in ongoing data center projects tracked by IIR, North America accounts for two-thirds, with significant projects across Europe, Latin America, and Asia. Power availability is the primary constraint as rack power densities approach 600 kW.
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