Goldman Sachs Forecasts Global Non-Hardware AI Spending Surpassing $1 Trillion
Goldman Sachs estimates global non-hardware AI spending will exceed $1 trillion by 2027, driven by software, data/cloud and services. Hardware investments in AI accelerators from Nvidia, AMD and Intel could match non-hardware totals, accounting for roughly 50% of overall outlays.
1. Forecast Overview
Goldman Sachs research projects global non-hardware AI investment will exceed $1 trillion over the next four years, highlighting rapid enterprise adoption of AI software, data/cloud services and consulting. Total AI outlays—including hardware—could approach $2 trillion if accelerator spending matches non-hardware forecasts.
2. Sector Breakdown
Software, data management and professional services represent the largest non-hardware categories, while AI accelerator chips from Nvidia, AMD and Intel are driving half of total AI spending. The United States leads global AI investment, followed by China and Europe, reflecting strong corporate demand for AI infrastructure.