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Billionaire Data Center Builder Insists There’s No AI Bubble
Tuesday, 6 October, 2026
Ona bright August morning, Bob Clark, the founder of construction giant Clayco, stops by the new $850 million, 19-acre Obama Presidential Center, which he helped build, in Jackson Park on the South Side of Chicago. After a quick checkup on the “Obamalisk,” as he fondly calls the complex’s central eight-story spire of granite, glass and concrete, he gives a speedy hello to former White House senior advisor Valerie Jarrett, who is now CEO of the Obama Foundation. Then he’s off, hopping in the back of a white Escalade and speeding down Lake Shore Drive to another of his projects, which could arguably be of even greater importance to Chicago and the world. Situated on a 440-acre Lake Michigan site that used to be a U.S. Steel factory, “Quantum Shore” will be one of the largest quantum computing campuses in the country when it opens at the end of 2027. Tenants include IBM and Palo Alto, California–based PsiQuantum, which plans to build a million-qubit quantum computer here. Such a machine would be unimaginably powerful, able to crack the usual types of encryption that keep most of the world’s computers (and bank accounts) secure. It could even someday speed up AI learning by dramatically reducing training time for certain complex deep-learning architectures. Learn more about your ad choices. Visit megaphone.fm/adchoices
