Oh I agree, it will go up. But having lived through the dotcom boom, I'm a bit more skeptical especially when I start seeing "OpenAI unveiled a “Central Park–size complex” in the Texas scrublands and disclosed plans to construct roughly a dozen more of them, a build-out that will cost $1 trillion." when their revenue just cross $10 billion earlier this year. It's not a linear growth, sure, but can you cite anything that indicates AI is describing a logarithmic growth rate?
What I'm reading in forecasts indicate a growth of the entire market of somewhere between 2.5 trillion and 4.8 trillion. So building a single data center (That's just OpenAI, Microsoft, Orcale, etc are also building more) which is planned to cost somewhere over a half to a quarter of the total market grown estimate in 10 years is tech & investors who haven't learned from history.
Remember that the dotcom's were convinced that laying fiber across the US was a good bet at $100 billon (around $190 billion today), but it took another decade to actually use that fiber and start recouping the cost.
So sure, there's growth and it's likely to continue as products improve. However as an avid tester of narrow ai's in various paid methods, I can say they are not justifying a doubling or tripling in subscription cost yet. They aren't yet worth a human in many ways.
(Cite things and argue with me please! I'm happy to be wrong.)
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