Wall Street executives say strong demand for large-scale AI funding could lead to $15 trillion in spending over the next decade.

At the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit held recently, several Wall Street executives shared their views on financing prospects for AI infrastructure. According to Bloomberg, Morgan Stanley CEO Ted Pick noted that global cumulative spending related to AI could reach $15 trillion over the next decade; meanwhile, leading tech hyperscalers may invest between $800 billion and $1 trillion annually over the next 7 to 12 years. He likened the current stage of development to “the third inning of a nine-inning game.” Goldman Sachs CEO David Solomon emphasized that although demand for AI and computing power is surging sharply, capital markets remain fully capable of absorbing this growth—and financing needs can be robustly supported. However, he cautioned that technology-driven supercycles are rarely linear; the key constraint on scaling transactions lies not in the availability of capital itself, but in its cost. Pick expects…