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Bessent dismisses systemic AI risks at private hedge fund investor gathering

Reported · Written up by our desk · Equity Funds

US Treasury Secretary and former hedge fund manager Scott Bessent has dismissed concerns that the artificial intelligence investment boom poses a systemic risk to financial markets, despite growing investor unease over stretched technology valuations and debt-fuelled infrastructure spending, according to a report by the Financial Times. Speaking at a closed-door investor conference in New York organised by JPMorgan Chase and the Robin Hood Foundation, founded by hedge fund billionaire Paul Tudor Jones, Bessent said he saw no evidence of systemic vulnerabilities associated with the surge in AI

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HedgeweekBessent dismisses systemic AI risks at private hedge fund investor gathering

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