Tech giants AI spending to exceed USD 1 trillion in 2027, lift US growth: UBS

T1Covered by 1 source · first reported by Mint — Technology / AI at 21 Oct, 03:56 UTC

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.