Despite soaring demand for artificial intelligence capacity, there are signs that the pipeline of data centers is slowing. While the development of data centers is still at record levels and is driving overall growth in U.S. construction, the number of data center projects planned dipped in June, according to Dodge Construction Network. Commercial project planning declined 6.9% from May to June, according to the Dodge Momentum Index, which tracks project filings. The decline was fueled by a dip in data center projects, and while institutional project planning increased by 10.9%, the index fell 1.9% overall. “Data center activity continued to drive the Index, but its pace moderated...