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HSBC CEO warns not all data centers are good bets amid AI boom
HSBC CEO Georges Elhedery stated that while AI is a transformative technology, investors must be selective when investing in data centers, emphasizing the need to scrutinize the quality of tenancy agreements and contract pricing. HSBC, ranked as the world's seventh-largest bank, is both a financier and operator of data centers. McKinsey projects global data center spending could reach $7 trillion by 2030, with JPMorgan Chase estimating $4.1 trillion in AI-related debt issuance by the end of the decade, yet AI borrowing is becoming a source of tension in financial markets.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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