Goldman Sachs pegs global AI investment at $1 trillion in 2026, sees ‘robust near-term growth outlook’

The $794 billion figure that is very often cited for artificial intelligence (AI) spending this year may be missing a much bigger part of the investment story.

Goldman Sachs Research estimates that companies will invest about $1.019 trillion globally in AI-related capital expenditure (capex) in 2026, once spending beyond US hyperscalers is taken into account.

The estimate puts US AI investment at about $581 billion, however investment outside the US accounts for roughly $438 billion. The US figure includes about $529 billion from public hyperscalers,