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US bankers expect ongoing AI funding
Senior officials at major American banks have confirmed that there remains strong demand for AI funding, despite a decline in technology company stock prices and a slowdown in trading and investment activities. Although banks like JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo reported solid profits, these were below analysts’ expectations due to growing investor caution and rising Treasury yields. Officials see AI investments as still being a key driver of economic growth and employment, with no anticipated downturn in deal activity by the end of the year, despite inflation pressures and energy costs resulting from regional conflicts, which have constrained borrowers' and investors' ability to expand.
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