Goldman sees AI spending hitting $1.4 trillion by end-2027, nearly 4% of the US economy
AI-generated summary Goldman Sachs forecasts that artificial intelligence spending will reach an annual pace of $1.4 trillion by the end of 2027, representing nearly 4% of the US economy. Cisco raised its full-year outlook based on artificial intelligence networking demand from hyperscalers, while Applied Materials and Cerebras also reported strong orders.