Home › Capital Markets › ReportCapital Markets · ReportBigger than the railroads: The staggering money behind AI's data center buildoutTrade pressSlicast · October 27, 2026 at 21:10 UTC · Global · Source: Boston Globeimportance 77Read the originalShareRelated reportsCapital MarketsIREN Has $4 Billion of Contracted AI Revenue and a $10 Billion Market Cap. Why the Gap?2026-10-28Capital MarketsElon Musk says more than 200 neoclouds face 'guppy-level death'2026-10-28Capital MarketsAnthropic has filed for an IPO, while Kedrosky warns that AI bubble risk is building in private markets.2026-10-28Capital MarketsGF describes an 'AI Red Queen Effect' in which hyperscalers keep escalating spending to stay competitive, which it argues drives overinvestment.2026-10-28Capital MarketsMicrosoft's chief executive (SatNad) saw pay slip 6% in a record year, as revenue and operating profit rose, 30 million paid Copilot seats were locked in, 88 data centers were added and $43.8 billion was returned to shareholders.2026-10-28