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00:02Canada Pension Plan Investment Board is warning of bubble-like exuberance in artificial intelligence
00:08financing. David Cola, the pension fund's global head of credit investments, told Bloomberg that
00:14the $618 billion fund is taking a more cautious approach to AI investments. AI-related projects
00:21account for roughly 3.5% of its credit portfolio. Cola warned of volatility and potential risks
00:28from off-balance sheet financing structures used to fund data centers. The pension fund
00:33is also scrutinizing privately held AI developers with less transparent finances. Meanwhile,
00:40CPPIB continues expanding into other credit markets. The fund recently purchased more than
00:45$3 billion in discounted loans and bonds during a market sell-off. It is also expanding its
00:51fund finance and net asset value lending businesses. For all things money, visit Benzinga.com.
