JPMorgan says AI label alone no longer sufficient to win lenders

JPMorgan warns that an AI label alone is insufficient to secure financing as lenders increasingly demand evidence of a company's ability to fund investments, service debt, and generate cash flow. Credit-default-swap trading tied to major AI firms surged in September, with weekly volumes exceeding $9 billion, while insurance costs for debt-dependent AI firms hit record levels, signaling heightened default risk. The bank warns that instability in AI could spill over into crypto assets like Bitcoin.