Citigroup raises AI capex and revenue forecasts amid rapid enterprise adoption

Wealthink Ai-innovation Capital

10/03/2026 13:43

March 10 (Reuters) - Citigroup on Tuesday raised its global artificial intelligence capital expenditure and revenue forecasts for 2026-2030, citing faster enterprise demand and adoption.

Citigroup said AI tools are set to advance rapidly, unlocking new enterprise applications and accelerating the adoption of agentic systems and workflows.

It raised its 2026-2030 global AI capex estimates to $8.9 trillion compared to its earlier forecast of $8 trillion.

Hyperscalers -  Amazon AMZN.O, Microsoft MSFT.O, Alphabet GOOGL.O and Meta Platforms META.O - are expected to collectively spend more than $630 billion in capital spending this year.

Citi also forecast global AI revenue for 2026-2030 to jump to $3.3 trillion from its prior forecast of $2.8 trillion.

AI startup Anthropic has projected as much as $26 billion in annualized revenue in 2026, while ChatGPT maker OpenAI reported surpassing a $25  billion run rate, compared with $21.4  billion it generated at the end of last year.

The bank sees underperformance among the hyperscalers as an opportunity to invest, following the AI-driven selloff in technology stocks last month.

"We believe the market remains focused on challenges of bringing global data center capacity online, rising financing needs and intense competition, while overlooking elevated returns from these investments and early signs of an enterprise-driven productivity cycle."

 (Reporting by Kanchana Chakravarty in Bengaluru; Editing by Vijay Kishore)

 ((Kanchana.Chakravarty@thomsonreuters.com;))