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Citi Raises AI Spending Forecast to $2.8T as Compute Demand Surges
Citi Raises AI Spending Forecast to $2.8T as Compute Demand Surges
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Global AI compute demand is accelerating faster than anticipated, driving Citi to revise its spending projection upward by $500 billion to $2.8 trillion. Hyperscalers like Amazon, Alphabet, and Microsoft are leading the charge with aggressive infrastructure investments, committing over $300 billion in capex across the past four quarters alone.
The insatiable appetite for AI systems since ChatGPT's 2022 debut shows no signs of slowing, despite geopolitical headwinds. Data center operators now face dual challenges: scaling capacity to meet demand while securing sufficient energy resources. By 2026, hyperscaler AI expenditures could reach $490 billion - a $70 billion increase from prior estimates.
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