AI Compute Expansion Propels Global Cloud Revenue to $168B, with North American Under-Construction Data Centers Reaching 7,481 MW

A Synergy report shows that global cloud infrastructure service spending grew 55% year-over-year to $168 billion in Q3 2026, with dedicated AI services accounting for approximately one-third of total revenue. In North America's eight primary markets, under-construction data center capacity reached 7,481 MW, over 80% of which has been pre-leased. Hyperscalers and emerging GPU cloud providers represent 59% and 11% of tenant demand, respectively.