Citigroup: Global AI Industry Revenue Expected to Reach $975 Billion by 2030

BlockBeats News, November 3rd, Citigroup predicts that by 2030, global AI industry revenue will reach $975 billion, compared to $43 billion in 2025, implying a staggering 86% compound annual growth rate. This growth reflects accelerated enterprise adoption and commercialization of AI technology, while hyperscale cloud service providers are ramping up infrastructure investments to meet the surging market demand.

Last week, the four US tech giants, Alphabet (Google's parent company), Meta (Facebook's parent company), Microsoft, and Amazon, all announced plans to significantly increase annual capital expenditures and ramp up investments in semiconductor infrastructure and data center capacity to support the rapid growth of artificial intelligence.

Citigroup estimates that the capital expenditures of major US cloud computing firms during the 2026-2030 period will reach $4.4 trillion, while total global investments (including sovereign funds and other institutions) are projected to reach $7.75 trillion.