Funding & Business
UBS ‘Bullish’ on AI, Sees 20% Earnings Growth for Tech
Mark Andersen, global asset allocation co-head at UBS Wealth Management, discusses the outlook for tech earnings, stocks and the prospect of lower US interest rates. “We lean to the bullish side on AI,” Andersen tells Bloomberg Television. A sharp selloff in heavyweight tech shares dragged markets lower on Tuesday.
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As companies continue to focus investment on cloud due to AI, real estate demand for data centers has been steadily growing, with customers increasingly moving from proof-of-concepts towards production systems and applications of the technology. CEO Adaire Fox-Martin joined Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily to discuss the important role data centers provide in the economy. (Source: Bloomberg)
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Lei Qiu, CIO for Thematic Innovation Equities at AllianceBernstein, says the adoption of AI is broadening out and there are opportunities, but prudence is also important. She speaks to Bloomberg’s Caroline Hyde and Ed Ludlow on ‘Bloomberg Tech.’ (Source: Bloomberg)
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US auto safety regulators are investigating issues with door handles on certain Tesla vehicles that could result in occupants becoming trapped inside. Bloomberg’s Craig Trudell discusses the probe that follows a Bloomberg investigation. (Source: Bloomberg)
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