On October 14, local time, Morgan Stanley CEO Ted Pike said that the bank had “doubled its budget” for artificial intelligence infrastructure construction, but he also warned that AI spending growth would begin to slow. Pique said, “We've been overequipped with AI since the early days. Considering that AI is important not only to our customers, but to ourselves, I'd say we're doubly overequipped now.” Pique said that the current average expenditure on AI infrastructure construction is about 1 trillion US dollars per year, “this is a very large amount of money.” He believes that spending will not necessarily continue to accelerate from this level, but it is entirely possible that it will continue at this level for another ten years.

On October 14, local time, Morgan Stanley CEO Ted Pike said that the bank had “doubled its budget” for artificial intelligence infrastructure construction, but he also warned that AI spending growth would begin to slow. Pique said, “We've been overequipped with AI since the early days. Considering that AI is important not only to our customers, but to ourselves, I'd say we're doubly overequipped now.” Pique said that the current average expenditure on AI infrastructure construction is about 1 trillion US dollars per year, “this is a very large amount of money.” He believes that spending will not necessarily continue to accelerate from this level, but it is entirely possible that it will continue at this level for another ten years.