PwC projects that the global investment in AI infrastructure will reach $31.6 trillion by 2050
Building the world’s AI infrastructure will cost $31.6 trillion between now and 2050, according to modelling commissioned by PwC from Oxford Economics across 46 countries. Annual capital expenditure is projected to rise from $800bn this year to $1.8tn by 2050.
The United States accounts for $15.1tn of that spending, or 48%; next in line is Asia Pacific with $8.2tn, led by China and India, while Europe and the Middle East make up the remainder.
The more interesting figure is not the total. Equipment currently represents about 70% of data centre capital expenditure, rising to 93% by 2050. That changes what a data centre actually looks like as an asset.
A building can depreciate over decades, while a rack of AI accelerators can become obsolete within a few years. A business whose costs are 93% equipment starts to look much less like a property business, whatever its balance sheet says.
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