The CEO of UBS Bank, Sergio Armotti, said that the recent sharp correction in shares of companies in the field of artificial intelligence was a response to inflated investor expectations. According to him, the time frame for realizing the economic potential of artificial intelligence may increase following the results of the US mid-term elections and the debates surrounding the creation of infrastructure. According to Reuters, Armotti added that technology adoption at the bank itself has slowed amid the merger of Credit Suisse and the prospect of tighter regulation in Switzerland.