MNI BRIEF: Brussels To Ease EU Fiscal Rules To Boost Defence

MNI China Daily Summary: Friday, February 14

MNI BRIEF: China Jan Yuan Loans, Financing Beat Expectations

MNI BRIEF: Brazil Outlook Demands 'Higher Doses Of Medicine'

CHINA JAN NEW LOANS CNY5.13 TRLN VS MEDIAN CNY4.53 TRL

MNI BRIEF: China Machinery Expects Stable Trade In 2025

BAKER HUGHES CANADA RIG COUNT 245; OIL RIGS 174; GAS RIGS 71

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 481; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TECHNOLOGY: Teleperformance Spreads Resilient Through DeepSeek Saga

TECHNOLOGY
BulletCredit Bullets

NR/BBB

  • RCFFP spreads/equity have held in line with the wider market through the DeepSeek saga which may seem contrary to the prevailing theme around AI risk in the name.
  • We note the prior selloffs on announcements from Salesforce and Klarna were more specific to the RCFFP business model i.e. both detailed specific customer service AI agent products.
  • Ultimately, AI-driven automation in customer management requires deep client integration, limiting the immediate threat of generic AI models. We also think that this limits the deployability of AI outside of differentiated offerings from the likes of Salesforce or Klarna.
  • We view the RCFFP resilience through the last few days is a positive given the sensitivity broader financial markets may continue to demonstrate to AI developments into the future.
  • Recent moves to diversify into AI-resistant verticals (i.e. the ZP Together acquisition) are also a positive regarding the AI risk factor.
  • We made the point in our pre-supply profile that the underlying fundamentals are broadly stable while the impact from AI remains hypothetical for now and this remains the case.

 

 

image
169 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

NR/BBB

  • RCFFP spreads/equity have held in line with the wider market through the DeepSeek saga which may seem contrary to the prevailing theme around AI risk in the name.
  • We note the prior selloffs on announcements from Salesforce and Klarna were more specific to the RCFFP business model i.e. both detailed specific customer service AI agent products.
  • Ultimately, AI-driven automation in customer management requires deep client integration, limiting the immediate threat of generic AI models. We also think that this limits the deployability of AI outside of differentiated offerings from the likes of Salesforce or Klarna.
  • We view the RCFFP resilience through the last few days is a positive given the sensitivity broader financial markets may continue to demonstrate to AI developments into the future.
  • Recent moves to diversify into AI-resistant verticals (i.e. the ZP Together acquisition) are also a positive regarding the AI risk factor.
  • We made the point in our pre-supply profile that the underlying fundamentals are broadly stable while the impact from AI remains hypothetical for now and this remains the case.

 

 

image