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AI & Enterprise

Could an AI bubble put banks at risk? Bad loan warnings grow in financial markets

Warnings are growing that if the AI industry fails to generate revenue commensurate with its massive investment, credit stress could spread across financial markets. A key question is whether money poured into AI data centres can generate sufficient returns. American Banker cited an imbalance between revenue and investment payback as the biggest risk. Gartner estimated operators would need $8.5 trillion in cumulative revenue by 2030, versus up to $3.6 trillion in AI revenue.

Crypto

U.S. OCC urges community banks to consider issuing payment stablecoins

The U.S. Office of the Comptroller of the Currency urged community banks to consider entering the market for issuing payment stablecoins. Cointelegraph reported that the agency encouraged banks to expand their capabilities after finalising rules tied to the Genius Act, which is due to take effect in January 2027. Bank industry groups have challenged proposed rules on stablecoin yields. The Independent Community Bankers of America has also sued over crypto firm charters.

Mobility

Made in USA: Tesla may change sales strategy in Canada

Tesla has raised the listed driving range and acceleration performance of the Model 3 on its official Canadian website, prompting speculation it could resume local sales of U.S.-built vehicles. Orders for China-built Model 3 Premium vehicles were halted due to an import quota issue. The updated figures match a Fremont-built Model 3 previously sold in Canada and align with the U.S. Model 3 Premium. A 25 percent retaliatory tariff remains a hurdle, and Tesla has not announced a restart.