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Caution regarding AI investment due to rising cost of capital and CFO changes at major companies

Fortune · ·by G4L

BHP BHP Group Limited ADR
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QXO QXO +0.58%
  1. 1Mark Williams said that AI spending will decrease due to the rising cost of capital.
  2. 2QXO appointed Dev Ahuja as Chief Financial Officer effective January.
  3. 3BHP Group appointed Adrian Wood as Chief Financial Officer effective February 17.

So what's the key point?

Spending on artificial intelligence may decrease because the cost of borrowing money is rising. QXO and BHP Group have hired new people to be in charge of managing their money.

Source Fortune · View original ↗

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