Social Graph VC: Data Center Capital Expenditure to Exceed $1 Trillion by 2026

Social Graph VC projects that global data center capital expenditure will surpass $1 trillion by 2026, doubling the 2025 spending of the four major hyperscale cloud providers. NVIDIA CEO Jensen Huang anticipates annual spending could reach $3 to $4 trillion by the end of the decade and $10 trillion by 2031. AI investment currently accounts for 0.9% of global GDP and is expected to rise to 1.4% by 2028. The report highlights that while individual AI models like Fable 5 and GPT-5.6 are cost-effective, continuous scaling of next-generation models drives labora