Analyst sends stark $120 billion AI warning

Everyone's been asking the same question about artificial intelligence: who's going to win? Chipmakers have soared. Software companies have rallied. Investors have bought into the idea that we're at the start of a major productivity boom. But Matthew Mish atUBS is asking something else entirely. He wants to know who's going to lose, and more importantly, how much damage they'll do on the way down. Mish runs credit strategy at UBS, which means he spends his days thinking about corporate debt. And what he ...