Tech sector pours $1T into AI and sends customers the bill
AI AND ML
History's biggest infrastructure build-out is pushing up hardware and software prices, analyst says
Spending on AI infrastructure is pushing tech sector expenditure to historic levels, and enterprise customers are already footing the bill through higher software and hardware prices.
John-David Lovelock, Distinguished VP Analyst at Gartner, told The Register that tech companies' own technology spending already amounted to around $1 trillion and was set to grow by 34.7 percent in 2026.
The colossal splurge is driving global sales, leading Gartner to raise its 2026 estimates to $6.37 trillion, a surge of 14.2 percent year-on-year. That's up from April's forecast of $6.31 trillion and February's $6.15 trillion.
Lovelock said overall growth was accelerating, although tech spending was moving at three different speeds. Devices, which include consumer purchases as well as business laptops, are set to grow by 9.8 percent. However, a significant chunk of that increase comes...
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