Speaking on Tuesday at the 2026 International Financial Leaders Investment Summit in Hong Kong, PIMCO CEO Emmanuel Roman said that AI-related financing could grow to roughly $10 trillion over the next five years, ultimately reaching excessive levels. He estimated that the AI industry's annual capital expenditure financing needs stand at about $2 trillion, compared with the roughly $12 trillion size of the U.S. bond market. Roman, who spoke alongside Blackstone President Jon Gray, said this scale will eventually become too large.