Key facts
- Spending on AI development could fuel a debt issuance boom.
- This boom may approach 15% of all credit sales.
- The prediction was made by Morgan Stanley's Anish Shah.
- Shah spoke at the Bloomberg Global Credit Forum on June 3.
Anish Shah, Morgan Stanley's global head of debt capital markets, stated at the Bloomberg Global Credit Forum on June 3 that the significant investment in artificial intelligence development is expected to lead to a substantial increase in debt issuance. Shah anticipates that this AI-related spending could account for up to 15% of all credit sales. He participated in a panel discussion alongside representatives from Wells Fargo, Invesco, and DoubleLine, moderated by Bloomberg News.