America’s AI boom in one chart
One way to illustrate the AI boom in the US is to look at the number of data centers we have. There were 5,381 US data centers as of March of this year, according to new data from Apollo’s 2025 Economic Outlook, which is more than all the runners-up combined. Much of that spending is coming from Magnificent 7 companies like Apple, Microsoft, Meta, and Amazon. Combined, these four firms are on track to spend $200 billion this year on capital expenditures related to AI.