he risk of AI disruption upending private credit poses little threat to the wider financial system or the global economy, according to Brookfield Corp.’s Chief Executive Officer Bruce Flatt.
While markets have been roiled by concerns about private credit exposure to software businesses that could be vulnerable to new technology, fear that could spread to a wider financial crisis are overblown, Flatt said in a Bloomberg Television interview Wednesday.
“We just need to step back and put it in perspective, this is not that big of a deal,” he said. “It is definitely not an 08, it has got nothing to do with 08.”
GUESTS
Bruce Flatt, Brookfield Corporation, CEO; George Saravelos, Deutsche Bank, FX Research Global Head; Teresa Carlson, General Catalyst Institute, President.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:24 - Trump stages state of the union pep rally as economic mood sours
00:01:56 - Anthropic links AI agent with tools for investment banking, HR
00:02:15 - Nvidia to give update on AI industry with results
00:04:14 - Bruce Flatt, Brookfield CEO
00:24:07 - Wednesday headlines
00:24:47 - Market roundtable: Deutsche Bank's George Saravelos & Macquarie Group's Ric Deverell
00:41:08 - Teresa Carlson, General Catalyst Institute President
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While markets have been roiled by concerns about private credit exposure to software businesses that could be vulnerable to new technology, fear that could spread to a wider financial crisis are overblown, Flatt said in a Bloomberg Television interview Wednesday.
“We just need to step back and put it in perspective, this is not that big of a deal,” he said. “It is definitely not an 08, it has got nothing to do with 08.”
GUESTS
Bruce Flatt, Brookfield Corporation, CEO; George Saravelos, Deutsche Bank, FX Research Global Head; Teresa Carlson, General Catalyst Institute, President.
---
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:24 - Trump stages state of the union pep rally as economic mood sours
00:01:56 - Anthropic links AI agent with tools for investment banking, HR
00:02:15 - Nvidia to give update on AI industry with results
00:04:14 - Bruce Flatt, Brookfield CEO
00:24:07 - Wednesday headlines
00:24:47 - Market roundtable: Deutsche Bank's George Saravelos & Macquarie Group's Ric Deverell
00:41:08 - Teresa Carlson, General Catalyst Institute President
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
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