PwC: AI data center spending could hit $30 trillion by 2050

PwC projects global spending on AI data centers could top $30 trillion by 2050, rivaling the value of outstanding US Treasuries. Economists at JP Morgan and Bain warn that productivity gains may not arrive in time to justify the outlays, with Anthropic alone planning $518 billion in spending and the industry needing $4.2 trillion in new revenue over five years.

• PwC: AI data center spending could reach $30 trillion by 2050
• Anthropic plans $518 billion in spending, over 100x its 2025 revenue
• Bain: $4.2 trillion in new revenue needed within five years
• JP Morgan: broad-based US productivity gains remain elusive