摩根士丹利和高盛的董事长表示，人工智能（AI）热潮可能是一个超长周期，将推动生产率提升并降低成本，暗示科技股目前的回调可能只是暂时的“减速带”。
The artificial intelligence (AI) boom could be a super-long cycle that would drive productivity and bring down costs, according to the chairmen of Morgan Stanley and Goldman Sachs, indicating that the ongoing pullback in technology stocks could be a speed bump temporarily.
高盛首席执行官大卫·所罗门和摩根士丹利首席执行官泰德·皮克周二在香港举行的全球金融领袖投资峰会上，看好这项尖端技术的前景及其需求。
David Solomon, who is also Goldman Sachs’ CEO, and Ted Pick, also CEO of Morgan Stanley, touted the prospects of the cutting-edge technology and its demand at the Global Financial Leaders’ Investment Summit in Hong Kong on Tuesday.
他们还强调了美国经济的韧性，该经济经受住了全球逆风的考验，例如中东长期军事冲突引发的石油冲击。
They also highlighted the resilience of the US economy, which withstood some of the global headwinds such as the oil shock spurred by the prolonged military conflicts in the Middle East.
华尔街两大巨头掌舵人的这番言论，或许能给因近期AI押注遭遇抛售而感到不安的投资者带来一些慰藉。美国超大规模科技公司最新的支出计划引发担忧，即在AI基础设施建设上的巨额资本支出可能无法产生相匹配的回报。
The comments by the pair of Wall Street's biggest firms may offer some solace to invealso stors who have been rattled by recent sell-offs in AI bets. Latest spending plans by some of the US hyperscalers stoked concerns that the enormous capital expenditure on AI infrastructure buildouts may not generate comparable returns.
在中国，科技股的抛售潮将一个关键基准指数推入熊市，促使政府出手干预以遏制进一步下跌。
In China, the unwinding of technology stocks sent a key benchmark into a bear market, prompting government intervention to stem further declines.
所罗门表示：“当我展望未来五到十年，我对这项技术的演变、超级周期、技术在企业中的部署、以及它推动生产率的能力感到非常兴奋。我认为这是我们所有人都应感到兴奋的事情。”
“When I look at five to 10 years, I’m really excited about the evolution of this technology, the super cycle, the deployment of technology in enterprises, the ability for it to drive productivity. I think that’s something we all have to be excited about,” Solomon said.
“前路难免坎坷。我们必须想办法对其进行管理和治理。会有赢家，也会有输家。但展望即将到来的变革，这无疑是一个相当激动人心的时刻。”根据皮克的说法，AI投资将在可预见的未来继续支撑美国经济增长。他估计，全球最大经济体在未来十年将在AI建设上投资10万亿至15万亿美元，将实际经济增长率推高50至70个基点。
“There’ll be bumps in the road. We’ve got to figure out how to manage it and govern it. There’ll be winners, there’ll be losers. But it’s certainly a pretty exciting time when you look at the change that’s coming.”The AI investments would continue to underpin the US economic growth in the foreseeable future, according to Pick. He estimated that the world’s largest economy would invest between US$10 trillion and US$15 trillion in the AI buildouts in the following decade, driving the real economic growth by 50 to 70 basis points.
美国超大规模云服务商，即包括Alphabet和亚马逊在内的云计算服务提供商，今年已向AI数据中心投资注资7500亿美元。
The US hyperscalers, or the cloud-compute service providers including Alphabet and Amazon, have poured US$750 billion into AI data-centre investments this year.
所罗门表示，AI对美国小企业是一大福音，这些企业创造了全国65%的就业增长，因为该技术能够降低创业成本，并加速新企业基础设施的建设，使其达到更具吸引力的水平。
AI was a boon to small businesses in the US, which generate 65 per cent of the job growth in the nation, as the technology was able to whittle down the cost of starting a business and accelerate the infrastructure of a new business to a much more attractive place, Solomon said.
“这些是巨大的机遇，”他补充道。“但不会是一条直线。事情会顺利吗？绝对会。”皮克解释说：“高盛和摩根士丹利非常幸运，因为我们身处这些发展的核心地带，可以作为顾问、融资方、承销商，将不同要素整合在一起。”
“These are enormous opportunities,” he added. “But there won’t be a straight line. Will things go right? Absolutely.”“Goldman Sachs and Morgan Stanley are very fortunate because we’re in the epicentre of these developments, where we can act as an adviser, as a financier, an underwriter in bringing the different components together,” Pick explained.
他补充道，美国企业盈利保持韧性，因为大型科技公司的增长抵消了疲软的消费者信心，且这些公司持续获得股权、债务以及并购市场的融资渠道。
US corporate earnings remained resilient, as growth from mega tech companies offset weak consumer confidence and these companies continued to get funding accesses to equities, debts and merger and acquisition markets, he added.
“因此，这是一个非常激动人心的时刻，能与这些重要参与者携手合作，共同推动一项显而易见的改变世界的事业，”皮克表示。
“So it’s a very exciting time to be teaming up and working with these important players on something that is obviously world changing,” Pick said.