StanChart CIO warns: Labour-heavy sectors at risk as AI CapEx boom accelerates

Standard Chartered CIO is taking a granular look at the potential winners and losers of the AI cycle, identifying labour-intensive sectors as particularly vulnerable to AI displacement, while utilities stand to gain from tailwinds. The emerging markets-focused lender has also revised its CapEx expectations for global AI upwards, from 40% to 54% growth, but believes there is no tech bubble…

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