State Street chairman and CEO Ron O'Hanley said demand for AI underpins large-scale investment, making it hard to conclude AI has become a bubble. He said data centers are not being built without orders and are largely backed by real enterprise custo

2026-11-03

State Street chairman and CEO Ron O'Hanley said demand for AI underpins large-scale investment, making it hard to conclude AI has become a bubble. He said data centers are not being built without orders and are largely backed by real enterprise customers, but warned the key risk is whether AI becomes efficient enough that not all currently planned compute will be needed.