Global marketsUpdated November 3

Ted Pick sees potential AI investment of $10 trillion to $15 trillion

Pick said AI investment could reach $10 trillion to $15 trillion over the next decade, pointing to the prospect of major productivity gains. That is a potential investment range, not a committed spending plan. Goldman Sachs CEO David Solomon said a technology supercycle would dominate capital markets and financing activity, with demand for AI deals still robust. The executives also said capital markets would continue financing the global AI infrastructure buildout.

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Coverage started November 3