Jensen Huang says the $700 billion AI buildout is just the beginning: ‘Trillions of dollars of infrastructure still need to be built’

jensen huang (Credit: Krisztian Bocsi/Bloomberg via Getty Images)

Tech companies are scrambling to keep up with skyrocketing AI demand. And many are investing billions in the buildout of AI data centers, with some estimates placing the combined capital expenditures of the largest firms at up to $700 billion. 

$700 billion. That’s larger than the GDP of Sweden, Israel, or Argentina. $700 billion is roughly more than the value of Disney, Nike, and Target combined. $700 billion is even more than the total inflation-adjusted cost of the U.S. Apollo program, which sent humans to the moon—twiceover.