Wall Street executives predict $15 trillion in AI spending over the next decade.

ChainCatcher report, according to Bloomberg, at the Hong Kong Monetary Authority’s Global Financial Leaders Investment Summit, Wall Street executives stated that capital markets will continue to finance global AI infrastructure. Morgan Stanley CEO Ted Pick estimated that cumulative AI spending over the next decade could reach $15 trillion, with the largest tech hyperscalers potentially investing $800 billion to $1 trillion annually over the next 7 to 12 years. Pick noted that the current stage is roughly the third inning of a nine-inning game. Goldman Sachs CEO David Solomon said that as investors assess the surging demand for AI and computing power, capital markets remain capable of absorbing this demand, ensuring strong financing support. He cautioned that technological supercycles rarely progress in a straight line, and the primary constraint on transaction scale is the cost of capital rather than its availability. Pick expects long-term returns to be sustainable, with productivity gains potentially boosting U.S. real GDP growth by 50 to 70 basis points annually. Solomon also stated that AI accountability should ultimately rest with individuals, not systems.