Hyperscaler AI capex surged to $400 billion in 2025 and is on track to exceed $500 billion in 2026, with a cumulative $1.15 trillion expected from 2025 to 2027.

Billion-dollar AI funding rounds rose to 28 in 2025, up from 15 in 2024, with notable raises including OpenAI at $40 billion and Anthropic at $13 billion.

Global AI spending is set to reach about $632 billion by 2028, expanding at a near 30% CAGR, with software making up the majority of the spend and hardware/services contributing roughly a quarter each.

GenAI spending alone is forecast to hit about $202 billion by 2028, representing roughly a third of total AI outlays and accounting for nearly half of private AI funding in 2025.

Global corporate AI investment climbed to $581.7 billion in 2025, up 130% from the prior year, with private AI funding totaling $344.7 billion and generative AI comprising about half of that private funding.

Industry analysts flag key uncertainties, including capex-to-revenue mismatches for hyperscalers and divergent methodologies across IDC, McKinsey, and PwC.

The overarching takeaway is that AI investment and deployment are accelerating faster than the measurable value they’re delivering, intensifying a focus on EBIT impact and productive deployment.

Regional and sector patterns show North America and China together driving nearly 70% of AI’s global economic impact by 2030, with Europe and Developing Asia each delivering 9–12% GDP gains and other regions around 6%.

Anthropic reached $30 billion in annualized revenue by April 2026, topping OpenAI’s approximately $25 billion ARR, while OpenAI’s enterprise revenue share rose to about 40% in 2026.

AI is projected to add about $15.7 trillion to global GDP by 2030, delivering a 14% uplift, with $6.6 trillion from productivity gains and $9.1 trillion from consumption effects.

Despite 88% of organizations using AI in at least one function in 2025, only 39% see enterprise-level EBIT impact and just 5.5% are AI high performers, highlighting a gap between adoption and value realization.

In 2025, US private AI investment stood at $285.9 billion, vastly higher than China’s $12.4 billion, though China is projected to gain about 26% GDP uplift from AI by 2030 versus North America’s roughly 14.5%.