AI industry needs to earn $6 trillion per year by 2031 to justify investment: Report

The global AI industry must reach $6 trillion in annual revenue by 2031 to justify massive investments in data centres, chips and other infrastructure, according to Bain. Annual AI infrastructure spending is estimated to hit $1.5 trillion by then. Existing AI services could generate up to $1.8 trillion, leaving $4.2 trillion in new revenue that needs to be created.