JPMorgan Executive Says AI Projects Need Proof To Get Funding
JPMorgan’s AI financing market outlook points to rapidly growing capital needs, with global AI-specific capex rising from $400 billion to $700 billion this year and projected above $1 trillion by 2027. Data center electricity demand is expected to climb from 1% of global generation to 3% by 2030, while electrification equipment orders already exceed $5 billion year to date in 2026.