Line Goes Straight Up

George Pearkes, a finance guy who makes a lot of interesting graphs, posted this to BlueSky yesterday:

Absolutely insane numbers on data center buildout. I haven’t vetted these but they’re about right based on memory/back of the envelope:

Be sure to click to enlarge and read the labels on those variously colored lines.*

Sure, the 2026 dotted line is planned data centers, but even the 2025 line — which represents stuff that is already built — is bananas. And that's just about money spent, not about who the AI run through the data centers will benefit. 

In response in Pearkes's thread, a guy named Marc Maxmeister spoke for me with this: 

Interesting to recognize the Marshall Plan as being so big, so fast, and so effective. US rebuilt Western Europe in half a decade and we haven't seen any regional wars there since then. The prosperity influx demilitarized a region. That's success.

Here are a couple of other related pieces:

An article I've been saving for way too long in an open tab: We suspected data centers were creating an energy crisis for Virginia. Now it’s official. If you haven't been to Northern Virginia, particularly the part west of Dulles Airport, in the past 10 years or so… it's dominated by huge data centers. They know whereof they speak.

From MinnPost just this week: Minnesota Democrats (and a few Republicans) are fighting to ban non-disclosure agreements between local officials and big corporations that want to build data centers. Yes, that's right, elected county and city officials — who are subject to open-meeting laws and the Freedom of Information Act — have been signing non-disclosure agreements with big "anonymous" companies developing mystery projects that somehow always turn out to be data centers. Which none of the residents of the counties and cities want. Go figure!

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* The point of this post is to talk about the travesty of data center construction compared to infrastructure investments like the Marshall Plan, the railroads, or the interstate system — much as I might have problems with some of those. But I can't help noting I find myself pretty shocked that the F-35 fighter jet program cost substantially more than the Apollo program.