- By 2026, AI is forecast to become deeply woven into consumer products like smartphones, personal computers, and a range of smart devices.
Artificial intelligence is poised to drive a massive surge in global technology investment. According to the latest forecast by Gartner, Inc., total worldwide spending on AI will climb to nearly $1.5 trillion in 2025 and is expected to cross an astounding $2 trillion just a year later.
John-David Lovelock, Distinguished VP Analyst at Gartner, attributes this explosive growth not just to the American tech titans, but to an expanding roster of global players.
“Major hyperscalers continue pouring resources into building out data centres equipped with state-of-the-art, AI-optimised hardware and powerful GPUs to scale their services,” he notes.
Meanwhile, momentum from Chinese firms and rapidly emerging AI cloud providers is reshaping the investment landscape, bringing more diversity and competition to the field. Venture capitalists are also fueling this rise, pouring record amounts into promising AI startups and specialised providers around the world.
The forecast reflects more than just back-end infrastructure spending. By 2026, AI is forecast to become deeply woven into consumer products like smartphones, personal computers, and a range of smart devices.
The democratisation of AI means it will increasingly shape how individuals interact with technology, work, and communicate.
What’s powering the surge?
- Data centre expansion: Hugely expensive projects to meet the growing demand for AI-driven services
- Consumer technology: Integration of advanced AI features into popular electronics, driving replacement and upgrade cycles
- Cloud services and AI providers: Proliferation of new AI-powered solutions and platforms
- Venture capital: Sustained investment fostering innovation and competitive new entrants
Looking ahead
With the world’s largest tech companies and an expanding field of challengers racing to embed AI across our digital ecosystem, the next several years will be defined by unprecedented growth and transformation.
As investments soar and applications multiply, the influence of AI on business, daily life, and the global economy is set to dramatically accelerate.
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