India, Sept. 23 -- Bain & Company's sixth annual Global Technology Report warns that the rapid expansion of artificial intelligence could push global data centre spending to nearly USD 500 billion a year by 2030. With that level of investment, it is expected that the firms would require around USD 2 trillion in new cloud revenue annually.

"Technology executives will be faced with the challenge of deploying about USD 500 billion in capital expenditures and finding about USD 2 trillion in new revenue to profitably meet demand," said David Crawford, Chairman of Bain's Global Technology Practice. "Because AI compute demand is outpacing semiconductor efficiency, the trends call for dramatic increases in power supply on grids that have not add...