[UBS Asset Management said that the AI ​​investment boom is spawning a "debt network" and related risks are seriously underestimated by the market] On November 11, the head of Europe of UBS Asset Management said that the artificial intelligence (AI) investment boom is spawning a network of interconnected risks, and the market has clearly underestimated the related risks. Sonja Laud, who also serves as the company's co-head of investments and real assets, said that most investors do not know how much real artificial intelligence exposure they have through a "debt network" in public markets, private markets and stock investments. “I think we need to be very vigilant because the returns on these investments may not be quite what we expected,” she said in an interview. "This has evolved from an equity narrative to a balance sheet narrative." She added that the interconnected nature of debt "may be the most underpriced and hardest to understand risk right now."