HSBC CEO: Amid the AI boom, not all data centers are quality investment targets

PANews reported on October 20, citing Zhitong Finance, that HSBC Group CEO Georges Elhedery said in an interview that artificial intelligence "is the core driving force reshaping and restructuring all of our businesses and various operating activities." "AI can greatly boost employee productivity and put more initiative in the hands of our employees. It has disruptive potential, and HSBC is also actively advancing the implementation and application of AI," he added, saying that AI will help "reshape this bank." However, when it comes to infrastructure investment supporting AI operations, he advised investors to maintain judgment and not blindly bet all their assets. "There must be trade-offs," Elhedery said. "You have to examine the quality of tenant agreements and the level of contract pricing. Not all projects have sufficiently high-quality contract credentials, and some projects carry higher risks."