Larger contractors and those with data center contracts had the most work on their books, while smaller builders and firms not focused on artificial intelligence builds languished.

Increased costs and geopolitical risk strained builder confidence in the near term, said Sarah Martin, associate director of forecasting at Dodge Construction Network.

Without certainty around federal funding disbursements, the Gateway Development Commission warned construction on the $16 billion infrastructure program could stall again in a few months.

Investors pumped cash into startups focused on artificial intelligence, reality capture, safety monitoring and estimation software.

The privately funded venture, bankrolled by Morningstar founder Joe Mansueto, will become the first major professional ...