Data Center Spending to Exceed $1 Trillion by 2029 Amid AI Demand and Financial Transformation with New Lenders and Joint Ventures

The data center industry is undergoing a financial transformation driven by the increasing demand for artificial intelligence (AI) and cloud computing. As AI technologies evolve, they require greater efficiency from data centers, which have historically adapted through innovations such as the use of LEDs to manage electricity demand. According to forecasts, data center spending is projected to exceed $1 trillion by 2029, highlighting the significant impact of AI on infrastructure. This shift is attracting new lenders and leading to the emergence of joint ventures and creative financing, thereby diversifying the financial landscape of the data center sector.