AI takes center stage in investment risk assessments
Jonathan Gray, president of investment giant Blackstone, warned that Wall Street investors “underestimate AI’s potential to make entire industries obsolete.” According to Financial Times, Gray said that understanding AI-related risks is now “number one” when assessing deals.
“I’ve told our credit and equity teams: put AI on the front pages of investment memos,” said Gray. While he acknowledged speculative enthusiasm reminiscent of the dot-com bubble, he added that “the scale of AI’s impact” is far greater.
Read full article here: turnovernews.com
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Photo: The Daily Courier
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