Copyright Bloomberg
The billions of dollars flowing into artificial intelligence will bring about changes that threaten to upend the global economic system, according to veteran Wall Street dealmaker Paul Taubman . “The AI pivot is so profound,” Taubman, chief executive officer of PJT Partners Inc., told Bloomberg TV on the sidelines of the Future Investment Initiative summit in Riyadh. “So much capital is flowing into data centers, energy, and technology. It’s going to be so dislocating to the overall economy that you have to ask yourself at some point: are the second or third order consequences a shock to the system?”
