Construction — Data center project cancellations quadrupled in 2025 as AI reshapes construction estimating and M&A consolidation continues across contech.

Construction · 2026-04-23

Three distinct forces are reshaping the construction landscape simultaneously. First, the data center boom is hitting a wall — project cancellations jumped from 6 in 2024 to 25 in 2025, driven by public opposition and power grid constraints, signaling that one of the industry's most lucrative pipelines is becoming materially riskier. Second, AI is moving from experimental to expected in…