Macquarie's AI Exposure: Why the Bank Isn't Worried
The Australian
ENRICHED
Details
- Date Published
- 10 Feb 2026
- Priority Score
- 1
- Australian
- Yes
- Created
- 10 Feb 2026, 08:45 am
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Description
Macquarie CEO Shemara Wikramanayake has dismissed fears about AI threats to its software investments after $US1 trillion was wiped off global tech stocks last week.
Summary
Macquarie Group's CEO, Shemara Wikramanayake, has downplayed concerns about artificial intelligence adversely impacting the bank's software investments. This stance emerges despite the recent volatility in tech stocks, with $1 trillion wiped off globally. The article highlights a critical perspective on managing AI-related market fears in the financial sector. However, the discussion is focused more on investment strategy rather than AI safety or governance policies aimed at existential risks. This indicates a financial confidence in AI's integration rather than addressing broader safety implications.
Body
Macquarie’s AI exposure: Why the bank isn’t worriedMacquarie CEO Shemara Wikramanayake has dismissed fears about AI threats to its software investments after $US1 trillion was wiped off global tech stocks last week.
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