Emmanuel Roman - GoKawiil

PIMCO and Apollo executives warn of AI financing risks

At the 2026 Global Financial Leaders' Investment Summit in Hong Kong, PIMCO CEO Emmanuel Roman said the AI market faces a downturn where 'things are going to break,' estimating the AI buildout could require $2 trillion in financing over five years against a $12 trillion total US bond market. Apollo Global Management president Jim Zelter echoed caution, saying uncertainty remains over how AI pricing and economics will evolve, even as he expects computing demand to keep rising.

theverge.com · 2026-11-03

Blackstone's Gray says AI buildout needs more equity, not just debt

Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Blackstone President Jon Gray said the AI infrastructure buildout will require significantly more equity financing as lenders become overly concentrated in exposure to AI-driven companies. On the same panel, Pimco CEO Emmanuel Roman cited estimates of roughly $10 trillion in AI capital spending over five years and about $550 billion in AI debt issued so far this year, warning the financing need could become 'too much' for markets to handle.

cnbc.com · 2026-11-03