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Jefferies’ Chris Wood Sees ‘Massive Capital Destruction’ in AI

This story is from 2026-10-09. It is preserved in the archive; the latest stories are on the live feed.

The most likely long-term outcome of the AI boom will be massive capital destruction in the US, with market share going to cheaper open-source Chinese models, according to Jefferies Financial Group Inc.

Read the full story at Bloomberg AI ↗

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  1. 2026-10-09 09:33 · Bloomberg AI
    Jefferies’ Chris Wood Sees ‘Massive Capital Destruction’ in AI

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