Citi Raises AI Infrastructure Spend Forecast to $2.8 Trillion by 2029, Citing Hyperscaler and Enterprise Demand
AI-Generated Summary
Citigroup has significantly increased its forecast for global AI-related infrastructure spending, projecting it to exceed $2.8 trillion by 2029. This surge is attributed to aggressive investments by hyperscalers like Microsoft and Amazon, coupled with robust enterprise demand for AI solutions, despite emerging funding challenges and power capacity requirements.
In a nutshell
This report underscores the immense capital flowing into AI infrastructure, highlighting the strategic imperative for enterprises to understand these investment patterns and prepare for the significant resource allocation required for scaled AI adoption. It also signals potential shifts in funding models as tech giants increasingly rely on borrowing to meet escalating AI compute demands.
Source: Bnn Bloomberg
