28 Days
Source:
Sky News
Switzerland to Spend $750 Billion on AI by 2026
Swiss Re Corporate Solutions expects global corporate spending on artificial intelligence technologies to reach $750 billion by 2026, up from approximately $500 billion last year, driven by increased demand for insurance coverage related to AI infrastructure. The company notes that the rapid expansion of data centers poses new risks that require innovative insurance solutions, warning that the investment boom could further fuel inflationary pressures and claims costs. Swiss Re estimates that spending on AI infrastructure could double to $1.6 trillion within five years, boosting economic growth and opening new opportunities for the insurance sector.
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