Big Tech is investing $650 billion in AI
Major U.S. technology corporations will spend about $650 billion on artificial intelligence infrastructure in 2026. The estimate published Reuters with reference to a study by investment company Bridgewater Associates.
For comparison: in 2025, total investments in AI infrastructure amounted to about $410 billion. The growth is almost 60% per year. Major spending items include data centers, GPUs, power supply, and proprietary model development.
“Demand for computing power is steadily outstripping supply. Companies are forced to reallocate capital from buyback programs (share buyback –LP note ) into infrastructure,” said Bridgewater co-chairman Greg Jensen (Greg Jensen).
The fund’s analysts estimate that large-scale investment in AI could add up to 1 percentage point to U.S. GDP growth in 2026. However, inflationary pressures in the electronics and server equipment segment are increasing at the same time.
The market is laying down a quick return on investment. But the actual monetization of AI services is still lagging behind the pace of capital expenditures. If profitability does not start to grow synchronously with expenditures, the sector may face a correction comparable to the post-Dotcom recession.
In fact, 2026 becomes a test: will AI finally establish itself as the new infrastructure backbone of the economy – or will the market face a reassessment of expectations, Reuters concludes.
