Financing the AI buildout

www.brookings.edu · 2026-10-02 · by Long Nguyen ·generic
AI's data center boom could demand 3.6% of GDP in annual investment through 2032—financed increasingly through debt structures that mask real risk.

Financing the AI buildout

Research

BPEA | Fall 2026

Financing the AI buildout

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Stijn Van Nieuwerburgh

Stijn Van Nieuwerburgh headshot

Stijn Van Nieuwerburgh Earl Kazis and Benjamin Schore Professor of Real Estate \- Columbia Business School

September 23, 2026

An aerial view of the 10-billion-dollar Meta data center construction, occupying approximately 1,000 acres. El Paso, Texas, August 13, 2026. (Photo by Brandon Bell / Getty Images)

Sub-Topics Artificial Intelligence Technology Policy & Regulation

Program

Economic Studies

Project

Brookings Papers on Economic Activity

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