HSBC Looking to Join AI Infrastructure Finance Boom, Keefe Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 40 sec. here
  • 20 min. at publisher
  • 📊 Quality Score:
  • News: 82%
  • Publisher: 50%

Artifical Intelligence News

Asia,Pacific Rim,Banking

HSBC Holdings Plc wants to join in the rush to finance the infrastructure needed to roll out artificial intelligence, according to one of the lender’s most senior investment bankers.

Nicole Inui, head of U.S. and LatAm equity strategy at HSBC, joins BNN Bloomberg to discuss sectors to withstand recession-sparked volatility.

-- “We’re actually ramping up our presence in infrastructure finance,” Gerry Keefe, co-head of global banking coverage at HSBC, told Bloomberg Television in an interview on Monday. “This is going to be a point of focus for the next couple of years.” Last week, BlackRock Inc. and Microsoft Corp. said they would team up as part of a group seeking to raise $30 billion of private equity capital to build data warehouses and energy infrastructure for the expansion of AI technology.

“There has never been more capital available for financing this type of activity,” said Keefe. “We’ve been very focused recently on digital infrastructure and helping to build out both infrastructure that relates to power as well as data centers required for the compute that will support this AI boom.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uncertainty deters business leaders from making decisions: HSBCA recent HSBC survey showed that 42% of business leaders stall to make decisions. HSBC US head of wealth and personal banking Racquel Oden joins Brad Smith...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »