Goldman Projects 2028 Inference Volume 10x Higher Than Dell's Revised Forecast

BenBajarin · x · 2026-08-15

Investor Glenn Solomon notes that the market is vastly underestimating the growth curve of AI token generation. Key data points include:

Dell's Revision: Late last year, Dell estimated monthly inference would reach 1 quadrillion tokens by end of 2028. Their current estimate for the same date is 57 quadrillion—a roughly 57x increase within a single year.
Goldman Sachs' Forecast: Projections published by Goldman Sachs sit an order of magnitude above Dell's revised number.

This signals an explosive expected growth in demand for AI inference compute.

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