Morgan Stanley CEO Ted Pick Talks AI Risks, Appetite for AI Deals

 

Wall Street’s top chiefs said that capital markets will continue to underwrite the global artificial intelligence infrastructure buildout, with Morgan Stanley projecting cumulative spending could reach $15 trillion over the next decade. Morgan Stanley Chief Executive Officer Ted Pick estimated that the largest technology hyperscalers could deploy between $800 billion and $1 trillion annually over a seven- to 12-year horizon. He spoke to Bloomberg's David Ingles and Yvonne Man from the sidelines of the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit.