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AI Hype Hurts Emerging Markets, BTG Billionaire Esteves Says

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March 19, 2024, 7:08 p.m. | Daniel Cancel, Vinicius Andrade

Bloomberg Technology bloomberg.com

The relentless rally in artificial-intelligence stocks is helping drain money from capital markets across developing nations, according to Andre Esteves, the Brazilian billionaire founder of Banco BTG Pactual SA.

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