UBS CEO Ermotti Says US Midterm Results Could Slow AI Capacity Buildout
UBS Chief Executive Officer Sergio Ermotti said the Democratic sweep in the US midterm elections could slow the construction of artificial intelligence capacity. Speaking in an interview in Sydney, he said investors were questioning valuations and how quickly AI investments could deliver benefits. Ermotti described AI as a strong medium- to long-term growth engine but warned that the topic could remain volatile in the short term, potentially creating volatility in financial markets.