Deutsche Bank CEO Says AI Setbacks Are Possible but Rejects Broad Bubble Fears

Deutsche Bank CEO Christian Sewing rejected fears of a broad AI bubble collapse Oct. 21, though he said individual companies could falter as investors weigh the returns on heavy spending. “Overall, I don’t think that we are living in a bubble which is bursting,” Sewing said in an interview on the sidelines of the Berlin Global Dialogue. He distinguished possible setbacks at individual companies from a sharp near-term reversal in asset prices. Geopolitical tensions could also bring continued market volatility and higher interest rates, he said.

Source: TokenPost