Worldwide spending on AI is expected to be nearly $1.5 trillion in 2025: Report

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New Delhi, (IANS): Worldwide spending on artificial intelligence (AI) is expected to be nearly $1.5 trillion in 2025, up nearly 50 per cent up from $987,904 in 2024, a report said on Monday.

Further, the overall global AI spending is likely to top $2 trillion in 2026, led by AI integration into products such as smartphones and PCs, as well as infrastructure, according to a business and technology insights company Gartner, Inc report.

Mirroring last year's spending graph, generative AI integration in smartphones would lead the spending at $298,189 this year as well, followed by AI services ($282,556), AI-optimised servers ($267,534), AI processing semiconductor ($209,192), AI application software ($172,029) and AI infrastructure Software ($126,177).

"The forecast assumes continued investment in AI infrastructure expansion, as major hyperscalers continue to increase investments in data centres with AI-optimised hardware and GPUs to scale their services," said John-David Lovelock, Distinguished VP Analyst at Gartner.

"The AI investment landscape is also expanding beyond traditional U.S. tech giants, including Chinese companies and new AI cloud providers. Furthermore, venture capital investment in AI providers is providing additional tailwinds for AI spending," he added.

According to the report, the AI spending would reach $2.02 trillion in 2026 following a similar growth trajectory.

In 2026, spending on Generative AI integration in smartphones is likely to be at $393,297. Meanwhile, the spending on AI Services would reach $324,669, and for AI-optimised servers, it would go around $329,528

Similarly, AI processing semiconductor ($267,934), AI application software ($269,703) and AI infrastructure software ($229,885) will also put weight in spending on AI.

The other segments, attracting AI spending, would be AI PCs by ARM and x86, AI-optimised IaaS, and GenAI Models.Gartner providers equip tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organisations of tomorrow. Worldwide spending on AI is expected to be nearly $1.5 trillion in 2025: Report | MorungExpress | morungexpress.com
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First-ever Startup World Cup in India in Oct, $1 million prize money up for grabs

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Mumbai, September 15 (IANS): Digital technology industry forum India Mobile Congress (IMC) announced on Saturday that it will host the inaugural edition of the Startup World Cup India, where startups will pitch their ideas for a chance to compete in the global finale.

The event from October 8–11 at Yashobhoomi Convention Centre, New Delhi, allows local founders to compete for a chance to participate in the $1 million global finale in San Francisco, the US.

Over 300 startups have submitted applications, from which 15 startups will be shortlisted to pitch to a curated jury comprising venture capitalists, entrepreneurs, and policy leaders, an official statement said.

"As a key feature of the Aspire programme this year, the 'Startup World Cup' supports IMC’s larger goal: to make India a global leader in deep-tech and digital innovation," the statement said.

Hosting the Startup World Cup India for the first time, 'IMC 2025' highlights its commitment to placing Indian startups at the forefront of the global innovation economy, said Ramakrishna P., CEO of India Mobile Congress.

"With 'IMC Aspire', we are not just giving startups a platform to pitch, but a pathway to scale globally," he added.

Launched in 2023, IMC Aspire's third edition this year is set to connect over 500 startups with 300 investors, accelerators, and venture funds. The four-day 'IMC 2025' is expected to draw over 1.5 lakh visitors from more than 150 countries, showcase over 400 exhibitors, and host 800 speakers in 100 conference sessions.

The discussions span topics such as next-generation connectivity, electronics manufacturing, AI-driven solutions, IoT, and more, the release noted.

India has moved up from rank 81 to 39 in the Global Innovation Index in less than a decade.

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Oklo announces plans for Tennessee fuel recycling plant


A rendering of the recycling facility (Oklo Inc)

Oklo Inc has announced plans to design, build, and operate a facility at Oak Ridge in Tennessee to recycle used nuclear fuel into fuel for fast reactors like the company's own Aurora powerhouse, and is teaming up with TVA to look into recycling the utility's used fuel.

The fuel recycling facility will be the first phase of a USD1.68 billion advanced fuel centre, the company said.

It is also exploring opportunities with the Tennessee Valley Authority (TVA) to recycle the utility's used fuel at the new facility and to evaluate potential power sales from future Oklo powerhouses in the region to TVA, a collaboration which Oklo says would be the first time a US utility "has explored recycling its used fuel into clean electricity using modern electrochemical processes".

"Fuel is the most important factor in bringing advanced nuclear energy to market," said Oklo co-founder and CEO Jacob DeWitte. "By recycling used fuel at scale, we are turning waste into gigawatts, reducing costs, and establishing a secure US supply chain that will support the deployment of clean, reliable, and affordable power. Tennessee is showing the nation that recycling can be done to support new nuclear development and growth."

Oklo said it has completed a licensing project plan for the fuel recycling facility with the US Nuclear Regulatory Commission (NRC) and is currently in pre-application engagement with the regulator's staff.

The Aurora powerhouse is a fast neutron reactor that uses heat pipes to transport heat from the reactor core to a supercritical carbon dioxide power conversion system which can generate both electricity and usable heat using fuel made from either fresh high-assay low-enriched uranium or used nuclear fuel. Oklo is planning to build its first Aurora powerhouse on a site at Idaho National Laboratory for which it has previously said it intends to submit a combined construction and operating licence application to the NRC later this year. Oklo is one of the 11 initial companies selected by the Department of Energy for support through the Nuclear Reactor Pilot Program, which aims to see at least advanced reactor projects achieve criticality in less than one year from now.

Attendees at the announcement of the planned advanced nuclear fuel centre included state and federal representatives (Image: Oklo Inc)

More than 94,000 tonnes of used nuclear fuel is currently stored at US nuclear power plant sites, and these contain considerable reserves of recyclable fuel. The fuel recycling facility will be the first phase of a multi-facility campus aimed at supporting recycling and fuel fabrication, Oklo said.

The US government halted reprocessing of used fuel from commercial reactors in 1977, as part of its stance against nuclear proliferation, but there have been several policy shifts since the early 2000. The Executive Orders signed by President Donald Trump earlier this year included directions to the Department of Energy to bring forward national policies on the management of used fuel and high-level waste and evaluate private-sector reprocessing options, amongst other things.

Government-owned TVA is the largest public power company in the USA, with a diverse generating portfolio including nuclear, hydro, coal, gas, solar and advanced technologies. Earlier this year, it submitted an application for a permit to construct an SMR at Clinch River, near Oak Ridge, using GE Vernova Hitachi Nuclear Energy's BWRX-300 technology. More recently, it has signed a collaborative agreement with ENTRA1 Energy to deploy up to 6 GW of NuScale SMR capacity, and has also signed a power purchase agreement with Kairos Power for up to 50 MW of electricity from Kairos Power's Hermes 2 demonstration reactor, which is to be built at Oak Ridge.

"The next generation of nuclear technologies are being built and developed right here in our own backyard," said TVA President and CEO Don Moul. "Our partnership with Oklo represents yet another step forward in shaping the future of nuclear energy and ensuring a secure energy future for the Valley and beyond."The facility in Tennessee is expected to begin producing metal fuel for Aurora powerhouses by the early 2030s, following regulatory review and approvals, the company said. Oklo announces plans for Tennessee fuel recycling plant
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