“We now expect revenues to grow about 15x during 2022–27, expanding from USD 28bn in 2022 to USD 420bn in 2027 — a 72% CAGR — with AI infrastructure spending rising from USD 25.8bn to USD 195bn (a 50% CAGR) and AI applications and models growing from USD 2.2bn to USD 225bn.”
Equity analyst and lead author, UBS Global Wealth Management Chief Investment Office 'TechGPT' report
Said Jan 2, 2024Deadline Dec 31, 2027UBS CIO, 'TechGPT: Raising AI revenue forecast by 40%', January 2024 (covered by CNBC, January 3, 2024)
Target year 2027; resolvable against UBS's own AI industry revenue tracking and third-party AI revenue estimates.