Bank of America Pledges $250 Billion for U.S. AI, Data-Center and Power Infrastructure
Bank of America launched a $250 billion Critical Infrastructure Finance Initiative targeting data centers, computing, power generation, storage and other U.S. infrastructure.
Why it matters: The AI buildout is pulling large banks deeper into project finance, private markets and capital deployment for compute, power and physical infrastructure.
Bank of America plans to deploy $250 billion into U.S. infrastructure through its Critical Infrastructure Finance Initiative. The program targets digital infrastructure including data centers and computing, energy and power infrastructure including generation and storage, and other large U.S. projects. The initiative shows how AI is becoming a financing story as well as a technology story, with major banks increasingly treating data centers, power and related infrastructure as a long-duration asset class.