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Finance leaders divided on AI bubble
Senior finance officials dismissed the idea of a bubble in the artificial intelligence sector. Christian Sewing from Deutsche Bank stated there are no indicators of sharp reversals in asset prices. Meanwhile, Larry Fink from BlackRock emphasized that building data centers is essential to keep up with advancements. They considered the opportunities in the industrial application of AI to be the opportunity of the century, but the real risks are concentrated in geopolitical fluctuations and high fiscal deficits, especially with rising US Treasury yields and the approaching $2 trillion budget gap.
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