Goldman Sachs: Global AI Capital Spending to Reach $7.6 Trillion by 2031, Shifting to Real Economy

According to Goldman Sachs' latest report, artificial intelligence investment is shifting from infrastructure buildout to broader real-economy applications. From 2026 to 2031, global AI capital expenditure on computing, data centers, and power infrastructure is projected to reach approximately $7.6 trillion, with annual spending rising from $765 billion in 2026 to $1.64 trillion in 2031. Hyperscale cloud providers' AI investments are expected to surpass $6 trillion by 2030. The bank notes that future competitive advantages will depend not only on AI models or chips, but on capital structures, energy supply, industrial data, engineering capacity, and deployment capabilities.
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