Big ticket tech deals needed to keep pace with AI growth boom, financial leaders say

HONG KONG, Nov 3 (Reuters) – Tech companies will need to deliver more big ticket fundraisings deals to help meet the enormous demand for capital required by a growth boom in the AI industry, global financial leaders said on Tuesday.

Tech stocks globally have faced pressure in recent weeks as growing concerns about AI spending trigger a new wave of selloffs, with combined spending set to exceed $730 billion this year, up from about $700 billion.