PANews|Oct 20, 2026 11:33
[HSBC CEO: Amid the AI Boom, Not All Data Centers Are Quality Investment Targets]
According to reporting by Zhitong Finance, HSBC Group CEO Georges Elhedery stated in an interview that artificial intelligence is 'a core driving force for reshaping and reconstructing all our businesses and various operational activities.' 'AI can significantly enhance employee productivity, giving more autonomy to our staff. It has disruptive potential, and HSBC is actively advancing AI implementation,' he added, noting that AI will help 'reshape this bank.'
However, when discussing infrastructure investments supporting AI operations, he advised investors to exercise judgment and avoid blindly betting all their assets. 'You must be selective,' Elhedery said. 'Examine the quality of tenant agreements and contract pricing levels. Not all projects have contracts of sufficient quality, and some projects carry higher risks.'
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