BOND INVESTORS COULD TURN ON AI COMPANIES Bond markets may grow impatient with AI firms if their massive investments don’t generate clear returns, warns Michel Saugne, CIO at La Financiere de l’Echiquier. Investors will expect companies to prove they can monetize AI spending, or risk skepticism as they raise debt to fund growth. Saugne likens it to selling “picks and shovels” in a gold rush—you need proof there’s gold to be found.(*Walter Bloomberg)