The source adds the following information: Figures assume that NVIDIA accounts for 75 percent of total compute spend. Uses VR200 (Rubin) chip at USD 80,500 per GPU (including node costs) and 3,000W per package as baseline spec across all years. Assumes 1.2 PUE and USD 15 million per MW for data centers, and USD 2,500 per kW for new power capacity. Figures also assume that 15 percent of required data center space is brownfield in 2026, growing to 30 percent by 2031. Totals may not sum due to rounding.
Global AI capital expenditure across compute, data centers, and power is projected to reach approximately 7.6 trillion U.S. dollars between 2026 and 2031. Annual investment is forecast to rise from 765 billion U.S. dollars in 2026 to 1.6 trillion U.S. dollars by 2031. Compute is the dominant component throughout, while data center investment is forecast to rise from 232 billion U.S. dollars to 436 billion U.S. dollars over the same period.Â
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Goldman Sachs. (May 1, 2026). Estimated baseline aggregate capital expenditure worldwide forecast from 2026 to 2031 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 16, 2026, from /statistics/1661869/estimated-ai-capex-forecast/
Goldman Sachs. "Estimated baseline aggregate capital expenditure worldwide forecast from 2026 to 2031 (in billion U.S. dollars)." Chart. May 1, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 16, 2026. /statistics/1661869/estimated-ai-capex-forecast/
Goldman Sachs. (2026). Estimated baseline aggregate capital expenditure worldwide forecast from 2026 to 2031 (in billion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 16, 2026. /statistics/1661869/estimated-ai-capex-forecast/
Goldman Sachs. "Estimated Baseline Aggregate Capital Expenditure Worldwide Forecast from 2026 to 2031 (in Billion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 1 May 2026, /statistics/1661869/estimated-ai-capex-forecast/
Goldman Sachs, Estimated baseline aggregate capital expenditure worldwide forecast from 2026 to 2031 (in billion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1661869/estimated-ai-capex-forecast/ (last visited July 16, 2026)
Estimated baseline aggregate capital expenditure worldwide forecast from 2026 to 2031 (in billion U.S. dollars) [Graph], Goldman Sachs, May 1, 2026. [Online]. Available: /statistics/1661869/estimated-ai-capex-forecast/