00:00It's Benzinga bringing Wall Street to Main Street.
00:03PricewaterhouseCoopers LLP said that global data center spending is projected to reach
00:08$31.6 trillion through 2050 as demand for artificial intelligence drives an unprecedented
00:14infrastructure build-out, according to Bloomberg. Spending could climb to $50 trillion if AI
00:20adoption accelerates beyond the firm's central forecast. The U.S. is expected to capture nearly
00:26half of the projected investment at $15.1 trillion, followed by Asia-Pacific at $8.2 trillion
00:32and Europe at $5.6 trillion. AI adoption is driving Microsoft, Amazon, and other data center
00:39providers to rapidly expand computing facilities worldwide, with most spending going toward
00:44hardware from companies such as NVIDIA. Annual global spending is forecast to rise from about
00:50$800 billion this year to $1.1 trillion in 2030 and $1.8 trillion in 2050. PwC said recurring
00:59upgrades to chips and other hardware will account for most investment, while power availability
01:04and semiconductor supply could determine where spending occurs. For all things money, visit
01:08Benzinga.com.
