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Opinion

Which side of the AI trade are you on? Credit investors are undecided

In credit markets, our greatest fear is when the default risk of one borrower becomes highly correlated with another – this is the risk of the AI revolution.

Credit investors are now confronting a new question: how does the artificial intelligence revolution reshape risk and opportunity?

In the coming years, a major determinant of outcomes in credit markets will be which side of the AI trade you are on. Equity investors have been grappling with this reality for some time, but debt investors have largely been able to observe from a distance. Until now.

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