Investing.com -- Goldman Sachs said the surge in artificial intelligence spending may be crowding out other business activity, though it found only limited evidence of that effect so far. In a note to clients, analyst Jessica Rindels estimated AI investment in the U.S. will total almost $600 billion in 2026, "equivalent to nearly 2% of US GDP," and has amounted to over 10% of business fixed investment in recent quarters. On displacing other technology investment, Goldman noted hyperscalers financed much of their AI push by reducing buybacks and have been "willing to borrow and appear undeterred by high interest rates." Among businesses consuming AI services, its survey indicated costs remain modest, with about two-thirds funded by cuts to other spending. Related articlesGoldman Sachs warns AI investment may be crowding out other business spendingAs Claude disrupts stock market, Anthropic researcher warns 'world is in peril'Morgan Stanley CIO survey: Why AI hype isn't boosting 2026 IT budgets