Reading through the source [1] they basically get to that huuuuge number by including AI-enabled devices such as phones that have some AI functionality even if

Reading through the source [1] they basically get to that huuuuge number by including AI-enabled devices such as phones that have some AI functionality even if not core to their value proposition. That's basically reclassifying a big chunk of smartphones, TVs, and other consumer tech as GenAI spending. Of the "real" categories, they expect: Service 27bn (+162% y/y) Software 37bn (+93% y/y) Servers 180bn (+33% y/y) for a total of $245bn (+58% y/y) That's not shabby numbers, but way more reasonable. Hyperscaler total capex [2] is expected to be around $330bn in 2025 (up +32% y/y) so that'll most likely include a good chunk of the server spend. [1] https://www.gartner.com/en/newsroom/press-releases/2025-03-31-gartner-forecasts-worldwide-genai-spending-to-reach-644-billion-in-2025 https://www.gartner.com/en/newsroom/press-releases/2025-03-3... [2] https://www.marvin-labs.com/blog/deepseek-impact-of-high-quality-low-cost-inference-on-ai-landscape/ https://www.marvin-labs.com/blog/deepseek-impact-of-high-qua...