NEW YORK, March 4 (Reuters) - Uncertainty about
artificial intelligence's disruption of business models will
complicate lenders' decisions over how much risk to take on in
the next two years, a senior Goldman Sachs ( GS ) executive
said.
Those fears have spread across the financial system, from equity
markets into credit markets and the capital-raising process for
companies in that sector. Software stocks have been selling off
for months, along with shares of asset managers who have bought
and lent to them.
Mahesh Saireddy, co-head of the Goldman Sachs Capital Solutions
Group, formed last year to finance large deals and lend to
corporate clients, said the issue crossed sectors.
"It's not just software, it's other industries that are
getting disrupted that will get a lot more attention," he told
the Bloomberg Invest conference in New York.
"For the next six, 12, 24 months, there's going to be a lot
of unknowns. So it is going to be a challenging time to
underwrite things."