Track the capital in AI with the source next to every number.
AI moves on capital: rounds, debt, chip orders and power contracts. Spezia keeps one checked ledger of all of it, ranks the companies behind it, and follows the physical build-out down to the project, so your view rests on evidence you can open.
What you get done
See every reported deal
ProRounds, debt, acquisitions, contracts and spending plans, with the parties and the sentence each figure came from.
Funding tracker →Rank the field
ProEvery lab, company and investor in the news, with what each raised and invested.
Company tracker →Test a thesis
FreeThe outlook gives projections with a horizon and a confidence, and Ask Spezia answers the follow-up with sources.
AI Progress →Follow the build-out
TeamMore than 1,000 U.S. data center projects with status, size, power and who is paying.
Data center tracker →
Largest reported deals this week
Real output, read from the data Spezia works from today. Every line links to its source.
- $115BAcquisition
“Marvell Technology has agreed to acquire optical-technology company Lumentum in an all-stock transaction with a value of US$115 billion.”
Paid by Marvell Technology · received by Lumentum · optica-opn.org · Nov 8, 2026
- $84.5BContract
“Anthropic has entered into agreements to pay as much as $84.5 billion to SpaceX”
Paid by Anthropic · received by SpaceX · wccftech.com · Nov 8, 2026
- $64.4BEquity round
“aiming to raise up to $64.4 billion by selling 825 million shares in the IPO priced up to $78 per share”
Received by Anthropic · channelnewsasia.com · Nov 8, 2026
- $63BDebt
“Broadcom finalized a $63 billion equipment financing agreement”
Received by Broadcom · chaincatcher.com · Nov 6, 2026
- $45.2BSpending plan
“Microsoft reported $45.2 billion in quarterly capital expenditures.”
Paid by Microsoft · pymnts.com · Nov 8, 2026
Every round, loan and acquisition, with leaderboards, is inside.
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Reported publicly in the last two weeks. Rumors and speculation are left out of the ledger.
Questions people like you ask first
Press one to run it. Each answer cites its sources.
Team
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- The U.S. AI data center build-out: 1,000+ projects, map, power and demand
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Questions
Is this investment advice?
No. Spezia is research. It is not a licensed adviser and does not recommend securities.
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Team includes CSV exports. Enterprise adds custom research and delivery.
Research written for investors
- Power and the gridAnalysis56%of 1 GW+ projects are stuck mainly on power
Gigawatt data centers are 2.7 times as likely to be stuck on power
Power is the main limit on 56% of U.S. data center projects of 1 GW or more, against 21% of small ones. The data, and what utilities are doing.
- The AI build-outAnalysis285 GWplanned across 294 U.S. projects
The U.S. AI data center pipeline: 285 GW across 294 projects
294 U.S. data center projects plan 285 GW. See how much is under construction, how it splits by size, and what is holding it back.
- The AI build-outAnalysis57 GWplanned in Texas, 20% of the U.S. pipeline
Which states are building the most AI data center capacity? Texas leads
Texas leads U.S. AI data center capacity at 57.0 GW, ahead of Utah and Wyoming. Projects and capacity for all 41 states.
Spezia for other readers
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Put AI to work where it pays back first.
Leaders deciding where AI goes in the business
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Build where the money and the demand are heading.
People building or funding a company on AI
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Know which data center projects are real, and who is paying.
Developers, utilities, suppliers, contractors and the trades
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Learn the AI skills and tools that pay, in the right order.
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