Fidelity International's James Durance doesn't want AI bonds. At a time when hyperscale cloud service providers are aggressively issuing bonds to raise funds and participate in the artificial intelligence boom, the London-based portfolio manager, who manages $14 billion in assets, has always kept the tech industry exposure of his revenue strategy below 2%. He said that by the end of next year, loans to the industry could expand to the extent that its size itself poses a risk. In an interview with the media in Singapore, Durance said, “Although the technology sector is growing rapidly in the bond market, I'm not very enthusiastic. As far as the current price level is concerned, I don't like it.”

Fidelity International's James Durance doesn't want AI bonds. At a time when hyperscale cloud service providers are aggressively issuing bonds to raise funds and participate in the artificial intelligence boom, the London-based portfolio manager, who manages $14 billion in assets, has always kept the tech industry exposure of his revenue strategy below 2%. He said that by the end of next year, loans to the industry could expand to the extent that its size itself poses a risk. In an interview with the media in Singapore, Durance said, “Although the technology sector is growing rapidly in the bond market, I'm not very enthusiastic. As far as the current price level is concerned, I don't like it.”