'I can do it in math': Wall Street's private credit giants try to calm AI fears amid steep software sell-off
An aggressive stock market sell-off focused on investors' fears that AI will disrupt the software industry has spread to some of Wall Street's biggest money management firms. And their executives have seen enough. "For those on the call that are thinking Fortune 500 companies are going to take all their software and just rip it out and just say, 'I'll just ask ChatGPT,' that's simply not the way it works. Don't take my word for it again. We're not technologists. Take Jensen Huang's words for it," Blue Owl ...