“Global AI-related investment will exceed $1 trillion in 2026, including $581 billion in the US — above the roughly $794 billion consensus estimate for US hyperscaler capex alone — with cumulative AI investment reaching about $1.8 trillion globally since 2022 by the end of 2026.”

The 2026 calendar year is still under way; resolves once full-year global and US AI investment totals are tallied in 2027.