Institutional AI, on the record
The AI buildout is announced faster than built
A dated, sourced ledger of what labs, platforms, and states have committed to the AI buildout, and what they have actually built. Every entry cites its source, and the data downloads as JSON or CSV.
Stated magnitudes across 22 of the 35 ledger entries, 2025 to 2026-08-17. Announced, not deployed. The analyses treat that gap directly.
Every ledger entry, by date
One dot per institutional action · size is stated dollar magnitude · hollow is policy without a dollar figure · hover for the entry
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The Substation
The buildout isn't short of money or chips. It's short of megawatts with a delivery date, and the contracts, the queues, and the turbine order books say so in writing.
474 GWin the Texas queue, Aug 2026 -
Sovereign Compute
Governments have put more than a trillion dollars of AI infrastructure under their names since January 2025. Almost none of it is their money, and almost none of it is built.
0.3 of 10 GWStargate live vs pledged, Apr 2026 -
The Capex Ledger
Five companies will spend about $800 billion on equipment this year, more than they make in operating cash. The number to watch isn't the capex. It's the depreciation schedule underneath it.
$802B2026 capex guidance, five companies, mixed basis
Ledger, most recent
All entries →| Date | Actor | Action | Magnitude | Source |
|---|---|---|---|---|
| 2026-08-17 | NvidiaChipmaker | Nvidia agreed to provide up to $105 billion in financing for an OpenAI Ohio data center with 4.25 GW initial capacity, built by SB Energy. | Up to $105B; 4.25 GW | Bloomberg |
| 2026-08-02 | European Commission (AI Office)Regulator | AI Act transparency and high-risk obligations became enforceable, with penalties up to €35 million or 7% of global turnover for banned practices. | Fines to €35M or 7% turnover | European Commission |
| 2026-07-30 | European CommissionSovereign | The Commission launched a tender for up to seven AI Gigafactories backed by up to €10 billion public funding, targeting over €30 billion investment. | €10B public; €30B total | European Commission |
| 2026-07-30 | AmazonPlatform | Amazon raised 2026 capital expenditure guidance to about $220 billion from about $200 billion, attributed by CEO Andy Jassy to higher memory costs; second-quarter cash capex was $53.1 billion. | ~$220B capex 2026 | CNBC |
| 2026-07-22 | AlphabetPlatform | Alphabet raised 2026 capital expenditure guidance to $195–205 billion from $180–190 billion after quarterly capex of $44.9 billion. | $195–205B capex 2026 | SEC (Alphabet Form 8-K) |
| 2026-07-13 | MetaPlatform | Meta said its Hyperion data center in Louisiana will expand to 5 GW at a cost above $50 billion, up from about $27 billion. | >$50B; 5 GW | CNBC |