Big banks acknowledge AI financing risks but keep funding the boom

Wall Street's largest lenders flagged leverage, demand, and siting concerns on third-quarter calls, then made clear they aren't pulling back America’s biggest banks spent their third-quarter earnings calls listing everything that could go wrong with financing artificial intelligence. Executives at JPMorgan Chase , Wells Fargo , Bank of America , Goldman Sachs, Citigroup, and Morgan Stanley all addressed the risks of bankrolling AI infrastructure, from data centers to the power plants that keep them running. None signaled an immediate retreat. The fee income, as they see it, is simply too good to walk away from.

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