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On October 14 (local time), Ted Pick, CEO of Morgan Stanley, revealed that the bank's investment in artificial intelligence infrastructure construction has reached a level of 'doubling down'. He pointed out that given the importance of AI to both clients and Morgan Stanley itself, the bank has been increasing its investment from an early stage. Pick disclosed that the current average annual spending on AI infrastructure construction is approximately $1 trillion, a substantial amount. He anticipates that although the growth momentum of AI spending may slow down, the scale of this spending is expected to remain stable over the next decade. While continuing to support the development of the AI industry, Morgan Stanley will also closely monitor market dynamics.
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