Citigroup just raised its expected AI spending on infrastructure (think data centers and servers) to an eye-watering $2.8 trillion until 2029. That’s just a little over three years, meaning they expect spending to be around $1 trillion per year. I guess that’s great news for data center builders and Nvidia.
↗ Big Tech’s AI spending to cross $2.8-trillion by 2029, Citigroup forecasts
