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AI News from ET - Citigroup raises AI capex and revenue forecasts amid rapid enterprise adoption

Vishwadeep Khatri
in AI News & Two Lenses

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Citigroup has increased its predictions for global artificial intelligence spending and earnings between 2026 and 2030. This upward revision is driven by growing demand from businesses. Major tech companies are expected to invest heavily this year. AI startups are also reporting significant revenue growth. Citigroup sees opportunities in the technology sector despite recent market challenges.

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