The first time total new capacity under construction has declined since 2020

With nearly two thirds of US data center construction happening in frontier markets

Developer reportedly lacked transparency in discussions around the site

US banks are refusing to lend due to existing OpenAI commitments

The funds build on an earlier agreement for a $3 billion investment

JICT claims a 30 percent stake and invests $340 million in the JV

Financing will be used to develop its MNL1 data center

Acquisition will support the company’s pivot into HPC workloads

The new land is close to its other New Albany site

The staggering sum is required to keep pace with AI-driven capacity growth

44-acre site currently occupied by White Clay Center Industrial Park

Downturn in Georgia film industry has led to an oversupply of space

All seven councilors voted against the proposed project

Company also announces investments aimed at achieving zero-emission cloud services

The proposal is still waiting for approval by city councilors

Research firm Omdia says data center capex will hit this figure in its “likeliest” scenario

Availability is down and capital investment is lagging

Despite growth, demand outpaces supply

But there is fierce opposition to the project

AI data center construction will pivot the industry back to growth after a year of decline

But state remains “undisputed” global data center market leader