New Delhi, Oct. 21 -- Investment by major technology companies in artificial intelligence (AI) infrastructure is expected to exceed USD 1 trillion in 2027 as demand for computing capacity continues to outstrip supply, supporting US economic growth despite rising financing needs, according to a report by UBS.

The report estimates that AI-related capital expenditure by major technology companies will exceed USD 600 billion in 2026 before crossing USD 1 trillion in 2027.

"Demand has exceeded capacity ahead of schedule," the report said, noting that companies have raised their investment plans as demand for computing power continues to grow. UBS expects spending to keep rising over the next year, although the pace of growth could peak in 20...