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Recent Editions
Risk Channel
North America
Alphabet CEO Sundar Pichai has told the BBC that every company would be affected if the AI bubble were to burst. Pichai said the growth of artificial intelligence investment had been an "extraordinary moment", but there was some "irrationality" in the current AI boom. Asked whether Google would be immune to the impact of the AI bubble bursting, Pichai said the Alphabet-owned tech giant could weather that potential storm, but also warned: "I think no company is going to be immune, including us." Pichai said Google's unique model of owning its own "full stack" of technologies - from semiconductors to YouTube data, to models and frontier science - meant it was in a better position than others to ride out any AI market turbulence.
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Risk Channel
UK/Europe
Zurich-based lender UBS has said it wants to continue operating from Switzerland in response to a Financial Times report that bank chair Colm Kelleher and US Treasury Secretary Scott Bessent had privately discussed moving the bank's headquarters to the US if the Swiss government did not back down on incoming new capital rules. UBS has argued that the new requirements go further than those required of global peers and would reduce its ability to compete internationally. "As we have said repeatedly, we want to continue to operate successfully as a global bank out of Switzerland," UBS told Reuters.
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