Citigroup Predicts Big Tech AI Investment to Surpass $2.8 Trillion by 2029

What Happened

Citigroup has forecast that the world’s largest technology companies, commonly referred to as Big Tech, are on track to invest upwards of $2.8 trillion in artificial intelligence by 2029. This estimate highlights an unprecedented rise in capital expenditure dedicated specifically to AI infrastructure, research, and product development. The projection signals a substantial shift in global tech investment trends, fueled by rapid advancements in generative AI, automation, and machine learning. According to Citigroup, this level of spending marks a dramatic escalation from current figures, positioning AI as a central driver for future growth among leading firms in the United States and worldwide.

Why It Matters

This level of AI investment could redefine the competitive landscape across industries, boosting innovation, automation, and productivity at scale. As AI becomes more deeply integrated into key technology ecosystems, companies that stay ahead in R&D could dictate future market dynamics. Read more in our AI News Hub