Economy and macroUpdated 2h ago

AI financing accounts for about a quarter of euro-area corporate loan growth.

An AI boom can sound abstract; a share of business lending is easier to picture. Philip Lane, the European Central Bank’s chief economist, says financing for AI activities accounts for about a quarter of the increase in corporate bank lending across the euro area. The key is that he’s talking about the increase, not a quarter of all corporate lending. Even with that distinction, AI financing is now a visible piece of the region’s business-lending growth.

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