The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050.

A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies invest in building the computing capacity to power models, as well as upgrade the tech as it advances.

It added that the $31.6 trillion estimate represents the central scenario within a plausible range of about $22 trillion to nearly $50 trillion.

Annual investment in data centers is expected to rise from roughly $800 billion a…

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