Citi: Global AI industry revenue is expected to reach $97.5 billion by 2030

Jinse Finance reported that Citigroup predicts that by 2030, global artificial intelligence industry revenue will reach $97.5 billion, compared to $4.3 billion in 2025, representing a compound annual growth rate as high as 86%. This growth reflects the accelerated adoption and commercialization of AI technology by enterprises, while hyperscale cloud service providers are increasing infrastructure investments to meet surging market demand. Last week, the four major U.S. tech giants—Alphabet (Google's parent company), Meta (Facebook's parent company), Microsoft, and Amazon—announced plans to significantly increase annual capital expenditures, ramping up investments in semiconductor infrastructure and data center capacity to support the rapid growth in AI demand. Citigroup estimates that the total capital expenditure of major U.S. cloud computing providers will reach $4.4 trillion between 2026 and 2030, while total global investment (including sovereign funds and other institutions) is expected to reach $7.75 trillion.