The United States could attract roughly half of the $31.6 trillion expected to be spent on AI infrastructure globally through 2050, according to a new report from "Big Four" professional services firm PwC.
The report, released on Wednesday, projects that about $15.1 trillion, or 48% of the total, will flow into the U.S., the current center of the market for advanced chips. The Asia-Pacific region is expected to attract another $8.2 trillion, led by China and India.
Annual spending on data centers is projected to grow from around $800 billion in 2026 to $1.8 trillion by 2050. That estimate covers the buildings themselves and the compute equipment housed inside them.
Much of that spending over the next two and a half decades will come from replacing chips, servers and other equipment rather than new data center construction. PwC expects computing and communications equipment to grow from around 70% of total investment today to 93% by 2050.
This follows an August report from Goldman Sachs Research that estimates companies will pour nearly $1.02 trillion globally into AI in 2026, including $581 billion in the U.S.
McKinsey has also projected a bullish outlook, estimating that nearly $7 trillion will be invested across the global data center value chain between 2025 and 2030. The consulting firm expects more than $4 trillion of that to go toward computing hardware, with the rest funding data center construction and power infrastructure.
The firm expects around 40% of the total to flow into the U.S., supporting PwC's view that it will capture an outsized share of the global buildout.