According to The Kobeissi Letter, the combined capital spending on AI by Alphabet, Amazon, Meta, Microsoft, and Oracle is projected to reach around $1.1 trillion by 2027, which would be about 3.2% of the US GDP. At the same time, most companies are struggling to scale these technologies.
McKinsey research shows that while roughly 65% of organizations are actively integrating generative AI into their workflows, only a small number of companies have seen tangible economic impact.
