Trillions of dollars are being spent on artificial intelligence. The costs of developing the necessary infrastructure are skyrocketing.
Analysts at the American bank Citigroup Inc. have raised the forecast for the costs of developing the infrastructure necessary for artificial intelligence technologies by 2029 to $2.8 trillion.
Previous estimates put capital expenditures at $2.3 trillion. This change is due to the enormous demand for AI-powered solutions.
Forecasts regarding the investment plans of the world's largest IT companies and the increase in expenditures by leading data center operators mean that it will be necessary to find sources of financing for them, writes Reuters in a statement.
Capital expenditures by data center operators , including Microsoft Corp. and Amazon.com Inc., will reach $490 billion by the end of 2026, up from $420 billion previously forecast.
Citi estimates that global demand for AI computing power , measured by electricity consumption, will reach approximately 55 GW by 2030. In the United States, rapid construction of new power plant capacity is necessary.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
wnp.pl
