A Google DeepMind executive is projecting that AI-related capital expenditures could hit the trillion-dollar mark by 2026. AdvertisementAlphabet alone revised its 2026 capex forecast to between $195 billion and $205 billion. Goldman Sachs has layered on its own estimates, pegging annual AI-related capex at around $765 billion for 2026. The bank’s cumulative forecast stretches to about $7.6 trillion from 2026 through 2031. For crypto investors specifically, the Goldman Sachs estimate of $7.6 trillion in cumulative AI capex through 2031 creates a sustained demand environment for the raw inputs of computation: energy, semiconductors, and networking infrastructure.