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Morgan Stanley's Ted Pick says AI spending may reach $15tn over a decade

NewsFeeds update

Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Morgan Stanley CEO Ted Pick said cumulative AI spending could reach $15tn over the next decade, with the largest hyperscalers investing $800bn-$1tn a year for seven to 12 years. Goldman Sachs CEO David Solomon said capital markets can meet the financing demand.

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Read the original on PANews

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