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  2. The Next Platform

    Gartner: GenAI Hardware Investment Far Exceeds Model and Platform Revenue

    Gartner data shows that GenAI model revenue was $1.4 billion in 2023 and $5.7 billion in 2024 (a 320.4% increase), and is projected to be $2.83 billion in 2026, with growth having slowed markedly, far below OpenAI's approximately $25 billion and Anthropic's $47 billion ARR in May. The AI platform market is already larger than the model market itself, while revenue growth for vertical-domain specialized models is about twice that of general-purpose foundation models. Data center and hardware investment over the next two years will reach trillions of dollars.

    Gartner data shows that GenAI model revenue was $1.4 billion in 2023 and $5.7 billion in 2024 (a 320.4% increase), and is projected to be $2.83 billion in 2026, with growth having slowed markedly, far below OpenAI's approximately $25 billion and Anthropic's $47 billion ARR in May. The AI platform market is already larger than the model market itself, while revenue growth for vertical-domain specialized models is about twice that of general-purpose foundation models. Data center and hardware inve

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