Bank of America this week joined a growing contingent of major financial firms investing in the global buildout of artificial intelligence systems, launching a $250 billion, 18-month initiative focused on bolstering U.S. data centers and supportive infrastructure.
Bank of America adds $250 billion to growing wave of big-company AI investments
Analysts project spending on data centers, related systems could top $7 trillion by 2031
By Lou Hirsh
CoStar NewsAugust 13, 2026 | 8:42 P.M.
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IN THIS ARTICLE
- Companies
- Bank of America Corporation
Finance and Insurance
- The Goldman Sachs Group, Inc.
Finance and Insurance
- J.P. Morgan Asset Management
Finance and Insurance