Tag: #urges

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HSBC CEO Georges Elhedery Says AI Is ‘Transformational’ for Banking, Urges Selectivity on Data Center Financing

Saturday, October 24, 2026 | 05:03

Artificial intelligence is a fundamentally transformational technology that is well worth heavy corporate investment, but capital markets must exercise caution and selectivity when funding the massive data center infrastructure underpinning the boom, according to the head of one of the world’s largest financial institutions. Speaking in an interview with CNBC’s Dan Murphy, HSBC Chief Executive […]