Tag: data
-
Gordian Data Shows Modest Rise in Construction Costs for 2025
Gordian, provider of data-driven solutions for all phases of the building lifecycle, reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of 4.1% over the past year. This analysis is based on today’s release of 2025 RSMeans Data. While construction materials, equipment and…
-
DeepSeek AI will fuel more data center work
When China-based DeepSeek gained mainstream attention with its low-cost artificial intelligence model earlier this year, some wondered if demand for data center power had been overhyped. DeepSeek, which develops large language models similar to OpenAI’s ChatGPT, claims that its highly efficient AI technology can effectively reduce computing costs and overall power needs, casting doubt on…
-
JLL’s North American Data Center Report
In a year where data centers faced their toughest power challenges yet, the industry didn’t just survive – it thrived. JLL’s new North America Data Center Year-End 2024 Report reveals a sector charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years. But beneath the…
-
Public builders bullish on infrastructure, data centers, energy
Uncertainty has become a familiar backdrop now for most public construction firms — whether in the form of shifting regulatory policies, tariff threats or questions over federal infrastructure funding. However, according to the latest round of earnings reports from the country’s largest public construction firms, executives largely brushed off these concerns, emphasizing strong demand and…
-
NVTC Announces Winners of Sixth Annual Data Center Awards
The Northern Virginia Technology Council (NVTC), the preeminent trade association representing the region’s technology ecosystem, proudly celebrated the powerful growth and successful expansion of Virginia’s esteemed data center industry at the sixth annual NVTC Data Center Awards. Over 230 industry professionals, statewide business community representatives and public sector leaders attended last night’s awards ceremony to…
-
Construction spending stalls despite data center boom
Dive Brief: Nonresidential construction spending ticked up 0.1% in January to a seasonally adjusted annual rate of $1.25 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Even though spending increased in 12 of the 16 nonresidential subcategories, data center construction accounted for more than 75% of the…
-
AI Tool Transforms Data Center Construction Industry
Foresight, developer of the leading AI-enabled platform for helping owners and contractors complete major construction projects on time and on budget, is thrilled to announce the availability of its software for the data center industry. Foresight’s SaaS solution for unlocking hidden value from project schedules is rapidly becoming the leading platform for data center developers.…
-
DeepSeek called a net positive for data centers despite overcapacity worries
Listen to the article 10 min This audio is auto-generated. Please let us know if you have feedback. The global race to develop sophisticated, versatile AI models is driving a surge in development of the physical infrastructure to support them. Microsoft, Amazon, Meta and Google parent Alphabet — four of the AI industry’s biggest players…
-
Wyndham targets growth near data centers, infrastructure projects
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Wyndham Hotels & Resorts posted a strong year for development, opening a record 68,700 rooms globally and 28,000 in the U.S., or 4% year-over-year rooms growth, in 2024, the company announced in an earnings report…
-
Fluor bets on data centers, power amid CEO switch
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Despite an upcoming leadership change, Fluor remains focused on capturing key opportunities identified in late 2024, according to the company’s Feb. 18 full-year earnings report. The Irving, Texas-based contractor announced Jim Breuer will become CEO on May…