{
  "id": 17941085,
  "title": "‘At some point it’s going to be too much’: global financiers grapple with AI risks",
  "url": "https://urgent.news/2026/11/03/at-some-point-its-going-to-be-too-much-global-financiers-grapple-with-17941085",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-03T09:00:07.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/business/banking-finance/article/3373108/some-point-its-going-be-too-much-global-financiers-grapple-ai-risks"
  },
  "original_language": "en",
  "account": "Global financiers gathered at a Hong Kong summit to discuss the impact of the AI boom on capital markets and infrastructure. Emmanuel Roman, CEO of Pimco, warned that investment in AI infrastructure could reach US$10 trillion over the next five years, potentially surpassing the US$12 trillion US bond market. Roman likened the technological transformation to the Industrial Revolution, cautioning that rising interest rates or geopolitical tensions could lead to a market downturn.\n\nJonathan Gray, president and COO of Blackstone, highlighted the growing demand for computing infrastructure, which is outpacing supply due to multi-decade contracts with major tech companies. He noted that debt investors were not positioned to benefit from the potential upside if these companies succeed. Bob Prince, co-CIO of Bridgewater Associates, emphasized the need to deliver enough computing capacity to meet the projected demand, estimating that US$2 trillion in annual revenue would be required to support such capacity growth.\n\nBruce Flatt, CEO of Brookfield, pointed out that electricity, rather than computing equipment, could become the primary constraint, as new power generation projects, including nuclear plants, would take seven years to construct. He viewed the shortage as an \"opportunity of a lifetime\" for infrastructure investors who can supply the necessary infrastructure.\n\nDuring a panel on AI's impact on productivity, Franklin Templeton CEO Jenny Johnson argued that the main challenge was getting employees to adopt the technology, rather than the technology itself. The firm's distribution staff saw a 23% increase in client service due to AI, translating to an 11% rise in sales. General Atlantic CEO Bill Ford emphasized that technology cycles typically involve five years of disruption before delivering returns over the subsequent 20 to 30 years.\n\nJPMorgan Chase vice-chairman Daniel Pinto expressed cautious optimism about AI's productivity potential but warned that revenue growth needed to justify current valuations, as the pace might be \"a bit too fast.\" Pinto also cautioned that a correction in AI stocks could spill over into other sectors.",
  "summary": "The artificial intelligence boom is creating an unprecedented demand for capital and infrastructure, raising questions about whether debt markets, power grids and corporate productivity can keep pace with the technology’s expansion, executives of global asset management firms warned at a Hong Kong summit. Investment in AI infrastructure could reach US$10 trillion over the next five years,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}