AI spending doubts surface among bank chiefs
Goldman's CEO stays optimistic on data-centre investment while Citi and UBS voice doubts, as METR publishes an AI-accelerating-AI assessment.
What we know
The Goldman Sachs CEO told CNBC he is optimistic there will still be significant investment in data centres and compute in the US, and declined to comment on an Anthropic IPO. A market-news account quotes a Citi strategist saying the firm swapped its US overweight for Europe as the AI mood soured (unconfirmed). The UBS CEO said investors are right to question how much value the AI cycle can create. METR published a risk assessment using internal Anthropic information on whether AI is accelerating AI development.
How the story developed
Goldman's CEO stays optimistic on data-centre investment while Citi and UBS voice doubts, as METR publishes an AI-accelerating-AI assessment.
Midterm fallout is shaping tech and energy policy, with AI regulation referenda passing and the Senate voting on the bipartisan BAAJA permitting reform bill.
Trump questioned the integrity of the election, Jeffries flipped to a 'hard yes' on impeaching Hegseth, and Republicans are debating post-midterm fallout.
Trump commented on the $3T stock loss of Nov 5 after midterm results, while crypto traders describe weak markets and question whether old cycle playbooks still work.
After Republican midterm losses, Trump is reportedly installing Stephen Miller as chief of staff as Susan Wiles departs; commentators see a US retreat.
Trump announced Miller will replace Susie Wiles as Chief of Staff on Nov 9, drawing sharp partisan reactions after a major electoral loss for Republicans.
Compiled with AI by the Global Eye 24 desk from public posts across 4 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.