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AI Hardware Spending to Hit $1.4T by 2027
12 Nov
Summary
- AI hardware and IP spending to reach $1.4 trillion by end of 2027.
- Forecasted spending represents nearly 4% of the US economy.
- AI is expected to be the primary driver of business investment growth.
Anticipated annualized spending on artificial intelligence-related hardware and intellectual property is set to climb to an astounding $1.4 trillion by the end of 2027. This substantial investment represents nearly 4% of the entire United States economy.
Goldman Sachs forecasts that AI will remain the paramount driver of business investment growth through 2027. The firm's projections indicate that spending will exceed $900 billion by the conclusion of 2026, underscoring the rapid expansion within the AI sector.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
