AI disruption is a threat to the booming private credit market, investment chief says

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• AI is impacting debt markets and disruptions could create problems for loans to software companies.
• Software firms' business models are being threatened, creating concerns about debt service.
• IDX Advisor's Ben McMillan says he's concerned about lax underwriting in the space.

AI has thrown a wrench into various pockets of the stock market this year. An investment chief says it also has the potential to cause problems in the debt market.