Market strategist warns AI demand overwhelms traditional monetary tools
2 Sep 14 · 13d ago · 1 post · 1 source · development 2 of 2
Morgan Stanley Investment Management's chief investment officer Jim Caron explains that early-stage technological competition compels hyperscalers to secure resources regardless of cost. Pricewatherhouse Coopers data shows data center spending at $800 billion currently, projected to reach $1.1 trillion by 2030; Gartner estimates 2026 data center spending alone at $1.37 trillion, with total AI infrastructure spending at $2.52 trillion.
“If you're a company that's a technological service provider or a chip maker, your goal is to capture as much market share as you possibly can at the very early stages of this new technological development.”
Jim Caron
John Williams New York Fed President & Vice Chair
Beth Hammack Cleveland Fed President
Neel Kashkari Minneapolis Fed PresidentLorie Logan Dallas Fed PresidentJim Caron Chief Investment Officer, Morgan Stanley Investment Management
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