Tech giants AI spending to exceed USD 1 trillion in 2027, lift US growth: UBS
New Delhi [India], October 21 (ANI): Investment by major technology companies in artificial intelligence (AI) infrastructure is expected to exceed USD 1 trillion in 2027 as demand for computing capacity continues to outstrip supply, supporting US economic growth despite rising financing needs, according to a report by UBS.
The report estimates that AI-related capital expenditure by major technology companies will exceed USD 600 billion in 2026 before crossing USD 1 trillion in 2027.
