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The AI heatwave is at least a $1 trillion feast, allowing Wall Street major banks and private capital giants to put aside their differences over a cup of wine.
At a dinner hosted by some senior bankers at Morgan Stanley last month, a hot topic was the wealth earned through the frenzy of artificial intelligence (AI). The table also had many titans in the private equity circle. Apollo Global Management Inc., Ares Management Corp., Blackstone, HPS Investment Partners, KKR, and Oaktree Capital were all invited to attend; these companies have long dominated and been profitable in the corporate finance sector on Wall Street.
Morgan Stanley: The upward trend of investment banks in the usa after the election is expected to continue.
J.P. Morgan believes that this momentum will continue in the short term, supported by a favorable stock market and crediting trade environment so far in the fourth quarter.
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