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

PANews October 20 news, according to Zhitong Finance reporting, HSBC Group Chief Executive Georges Elhedery said in an interview that artificial intelligence "is the core driving force reshaping and restructuring all of our businesses and all types of our operations." "AI can greatly enhance employee productivity and place 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 AI will help "reshape this bank." But when it comes to infrastructure investment supporting AI operations, he advised investors to remain discerning 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 contractual qualifications; some projects carry higher risk."