AI to stay dominant force behind US business investment in 2027, Goldman says
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Goldman Sachs expects artificial intelligence spending to reach $1.4 trillion by the end of 2027.
- ✓The brokerage said, "AI will remain the dominant driver of business investment growth in 2027." This massive spending should boost US GDP growth and capital expenditure, even as companies face concerns over rising borrowing costs.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Synopsis
Goldman Sachs forecasts that artificial intelligence-related spending will reach approximately $1.4 trillion by the end of 2027. This spending is expected to represent nearly 4% of the US economy. The brokerage anticipates AI will drive significant business investment growth, with an estimated total exceeding $900 billion by the end of 2026. Furthermore, AI investment is projected to enhance capital expenditure and GDP growth rates in 2027.
Listen to this article in summarized format
Goldman Sachs on Wednesday forecast annualized spending on artificial intelligence-related hardware and intellectual property will climb to $1.4 trillion by the end of 2027, equivalent to nearly 4% of the US economy.
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The Economic Times
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