DBS CEO Tan Su Shan says the market is repricing AI financing risks

The AI spending boom has a new chaperone at the party: the people writing the checks. DBS Group Holdings CEO Tan Su Shan said in a Bloomberg Television interview on October 11, 2026 that the market is repricing the risks tied to artificial intelligence capital expenditures. She framed the shift as a healthy one, even if it may sting for some borrowers. That matters because DBS is not watching from the sidelines. The Singapore lender has arranged approximately S$25 billion (around US$20 billion) in AI-related deals this year, which gives Tan a front-row seat to how lenders and investors are sizing up the sector. What Tan is seeing The core of Tan’s message is that financiers are no longer treating every AI project as a sure thing. Investors are now pushing for higher returns on investment before committing capital. They are also paying closer attention to how deals are structured. The aim, as Tan described it, is to make sure these arrangements hold up over the long run rather than just looking good at signing. Tan said this is a positive development. More discipline on returns and structure, in her view, makes for a sturdier market. Tan flagged concerns that weaker players in the A...