Bloomberg Intelligence: AI Accelerator Chip Market Projected to Reach $604 Billion by 2033

Summary

Bloomberg Intelligence published its AI Accelerator Chips 2026 Outlook on January 14, projecting the market will grow at a 16% compound annual growth rate to $604 billion by 2033, up from $116 billion in 2024. The growth is driven by rising hyperscale capital spending, expanding inference infrastructure, and broader AI adoption by enterprises and national governments. Hyperscalers and Tier 2 cloud providers are projected to invest more than $3.5 trillion in AI-related capital expenditures throug