Update
JPMorgan Warns AI Lenders Need More Than a Label
JPMorgan's Justin Biemann warns that AI labels alone are no longer sufficient for securing funding from lenders. The firm now requires companies to demonstrate their financial viability, including the ability to finance investment, service debt, and generate cash flow. This update comes amid growing unease in credit markets and the tech-heavy Nasdaq's 6.7% decline since October 6, with AI-linked firms such as Nvidia and Oracle experiencing significant losses.