AI, Lender Tussles Among Biggest Risks Seen in Private Credit

Risks associated with artificial intelligence and its impact on businesses are looming larger in the private credit market and coming at a much faster clip than originally anticipated, industry veterans said Wednesday at the Bloomberg Global Credit Forum in Los Angeles.

“The biggest concern right now is we all thought that AI would impact businesses over the next five to ten years, but that time horizon has shrunk dramatically,” to a matter of months, Roberta Goss, senior managing director at Pretium Partners, said as part of a panel discussion.