Inside the Multibillion-Dollar Race to Build the AI Economy’s Physical Backbone
AUSTIN, Texas, Aug.
24, 2026 (GLOBE NEWSWIRE) -- AINewsWire Editorial Coverage : Artificial intelligence has always been described as a software story, but its economics increasingly run through concrete, copper and steel.
Global spending on AI infrastructure is projected to reach roughly $487 billion in 2026 and surpass $1 trillion by 2029, according to International Data Corporation figures, and much of that capital is chasing land, power and connectivity rather than chips alone.
Among the companies positioning to serve that buildout is AZIO AI Holdings Inc . (NASDAQ: AZIO) ( profile ).
The company is developing Atlas One, the first named development phase within Project Atlas , which brings together AZIO AI’s south Texas land, secured behind-the-meter natural gas generation, dedicated fiber, and modular compute infrastructure.
Project Atlas is strengthening the company’s growing momentum as AZIO is focused on joining an elite group of leading companies that are playing key roles in the AI space, including NVIDIA Corporation (NASDAQ: NVDA), Arista Networks Inc. (NYSE: ANET), Vertiv Holdings Co. (NYSE: VRT) and Broadcom Inc. (NASDAQ: AVGO).
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