Citi(US:C) PYMNTS.com·2026-02-25 16:58Group 1: Citigroup's Strategic Focus - Citigroup has formed a dedicated team to enhance its advisory and lending services for investors and companies involved in the development of data centers and AI infrastructure [1][3] - The bank estimates that the capital required for this infrastructure build-out will reach $3 trillion by 2030 [2] Group 2: AI Infrastructure Spending Trends - Citigroup projected that AI infrastructure spending by major technology companies will exceed $2.8 trillion through 2029, an increase from its previous estimate of $2.3 trillion [4] - Big Tech companies are increasingly borrowing to fund their AI infrastructure due to high costs, rather than relying solely on profits [8] Group 3: Major Investments by Tech Companies - Amazon plans to invest $12 billion in data center campuses in Louisiana and has committed at least $11 billion in Georgia and $20 billion in Pennsylvania for similar infrastructure [9] - OpenAI indicated that its compute costs could reach $600 billion by the end of the decade, having previously announced $1.4 trillion in infrastructure commitments [9] - Alphabet announced plans for capital expenditures between $175 billion and $185 billion in 2026 to meet ongoing demand for AI computing [10] - Meta expects its capital expenditures in 2026 to be between $115 billion and $135 billion, significantly higher than the $72 billion spent the previous year, with a focus on data centers and computing infrastructure for AI [11]