Hedge fund managing partner Dmitry Balyasny taps AI as largest tail risk for 2026

Core Viewpoint - The largest tail risk for the upcoming year is the potential for artificial intelligence to either exceed or fall short of expectations [1][2][3] Group 1: Risks Associated with AI - A downside surprise could occur if there is a decline in demand, leading AI companies, particularly hyper-scalers, to alter their spending plans due to insufficient monetization [2][3] - An outside risk to monitor is the rapid advancement of the AI industry, which could result in job losses before employees have the opportunity to retrain for new roles [3] Group 2: Company Overview - Balyasny Asset Management currently manages assets totaling $31 billion [3]