# Follow the AI Money

> Where 2027 AI capex goes: who writes the cheques, what they buy, and which suppliers get paid. Calendar 2027 estimates as of Oct 23, 2026. Total: $1,824bn.

Interactive Sankey of 2027 AI capital spending: from the spenders (hyperscalers, AI labs, neoclouds, developers), through 13 equipment and construction categories, to the suppliers that get paid. Figures are estimates from a research note; the CSVs below are the complete data behind the page.

## Summary

- [Summary in Markdown](https://www.assetlens.ai/summary.md): headline figures, all tables and the method

## Data (CSV)

- [spenders.csv](https://www.assetlens.ai/data/spenders.csv): AI capex by spender, 2027E
- [categories.csv](https://www.assetlens.ai/data/categories.csv): AI capex by equipment category, 2027E
- [flows.csv](https://www.assetlens.ai/data/flows.csv): AI capex flows from category to supplier, 2027E
- [suppliers.csv](https://www.assetlens.ai/data/suppliers.csv): Listed suppliers: AI capex revenue and AI share of revenue, 2027E
- [ranges.csv](https://www.assetlens.ai/data/ranges.csv): Swing factors: low, base and high cases

## Optional

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