The total computing power of the stock of AI chips is growing about 3.4× per year
Epoch AI reports that the total computing power of the stock of AI chips is growing at a rate of 3.4 times per year. This growth rate means the total computing power of the stock of AI chips has been doubling every 7 months since 2022. This data is based on revenue data, other financial disclosures, and analyst reports.
Verified 2026-07-31
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The world's total AI computing power is growing very fast, as more chips are installed each year.
More on Compute
- Epoch AI tracks how much AI compute a dollar buys, measured in constant 2025 dollars across the chips companies actually purchased each quarter. Since 2023, AI chip price-performance has grown 49% a year, doubling every 1.7 years
- Amazon Web Services, the cloud unit that rents out computing power for AI, grew segment sales 39% year-over-year to $46.0 billion in the third quarter of 2026
- Applied Digital had signed long-term hyperscaler leases for 1,410 megawatts of AI data-centre capacity across five campuses as of May 31, 2026, worth approximately $36 billion in contracted revenue over the initial 15-year lease terms 1.41 gigawatts of AI data-centre capacity leased for $36 billion
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