Bank of America (BofA) will invest $250 billion over the next 18 months to build infrastructure in the United States. AI infrastructure, including data centers, semiconductors and power generation, is at the center of the spending.

Cryptopolitan, a blockchain media outlet, reported on Aug. 12 that the plan was named the "Core Infrastructure Financing Initiative" to coincide with the 250th anniversary of U.S. independence. The execution period runs from Jan. 1, 2026 to July 4, 2027. It is not a new single fund. It is an 18-month financing plan that combines investment, eligible lending funds, capital markets transactions and advisory work.

Bank of America plans to allocate the money across three pillars: digital infrastructure, energy and power, and core infrastructure. The area drawing market attention is digital infrastructure. As the pace of AI data center construction accelerates in the United States, the burden on the power grid is rising, and demand for computing performance, electricity and semiconductors is increasing together.

Karen Fang (카렌 팡), Bank of America global head of infrastructure and sustainable finance and co-head of global capital solutions, said aging infrastructure must be modernised. The remark shows the plan is aimed not only at supplying funds but also at overhauling power and digital facilities more broadly.

Large inflows of money from banks also show that competition over AI infrastructure is moving onto the financial market agenda. Bank of America expects the project to create tens of thousands of jobs in construction, manufacturing, technology and operations. The company presented that it spent about $40 million in 2025 on more than 730 workforce development partners across 97 U.S. markets, linking 90,000 people to jobs and providing more than 290,000 people with education opportunities.

The move also aligns with long-term investment plans from other large financial institutions. Morgan Stanley unveiled a 10-year innovation project worth $1.5 trillion, and JPMorgan Chase also pledged $1.5 trillion in 2025 for areas related to U.S. economic security. It was also mentioned that the structure is not much different from the approach Bank of America used when it designed a $1.5 trillion sustainable finance target over the past 10 years.

Uncertainty remains despite the announcement. The stock market reaction was limited. Bank of America shares rose 1.1 percent to $64.72 on the day of the announcement, but the gain was not large. There is also criticism that, in Morgan Stanley's case, it plans to spend 60 percent of a $1.4 trillion pledge on purchasing imported computers, meaning a significant portion of the money could flow to overseas goods rather than AI infrastructure in the United States.

Bank of America has also not yet disclosed how much of the $250 billion will be directly invested in AI infrastructure in the United States. The plan's actual impact is therefore expected to depend on how much funding is allocated to key facilities such as data centers, power and semiconductors.