AI Fears Hinder Deutsche Bank’s $1.2 Billion Loan Deal for Conga
A group of lenders led by Deutsche Bank AG is at risk of getting stuck with about $1.2 billion of loans linked to the acquisition of an artificial intelligence-driven software...
By Aaron Weinman, Rachel Graf · Bloomberg Markets
A group of lenders led by Deutsche Bank AG is at risk of getting stuck with about $1.2 billion of loans linked to the acquisition of an artificial intelligence-driven software provider, as investors shy away from businesses perceived as vulnerable to competition from free AI tools.