⚠️ WeWork’s Ghost Haunts AI: Why Financial Services Can’t Afford Another Sector Mistake

In 2019, a $47bn company was exposed not as a technology business, but as a real-estate firm priced like one. Once that sector mismatch became clear, its valuation collapsed (Link to Article- https://lnkd.in/eijzu9NR).

I’m seeing early signs of a similar mistake emerging around AI in financial services.

Boards are being asked to value AI like consumer tech—fast, lightly governed, engagement-driven—while deploying it inside balance-sheet businesses built on regulation, fiduciary duty, and trust.

That mismatch is #dangerous.

In banking, insurance, and asset management, value is created through risk management, auditability, accountability, and defensible outcomes—not unchecked autonomy.