McKinsey’s sixth annual technology trends report highlights that AI infrastructure spending doubled in a single year and that energy technologies alone drew nearly $200 billion in investment in 2025. The report notes that US data centers running AI workloads are projected to consume as much electricity by 2030 as California does today, and that transformers now carry lead times of more than two years in many markets. For financial institutions, this signals that the timeline of AI build-out is constrained by physical power infrastructure and supply-chain lead times, a risk that should be factored into capex recovery models.
92 other tracked developments touching the same claims.