
Jan Mahrt-Smith
Associate professor of finance at the University of Toronto specializing in sustainable and traditional finance, offering analysis on investment risk and institutional decision-making.
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Feb 11, 2026 • 21min
Why is the CPP investing your money in xAI?
Jan Mahrt-Smith, associate professor of finance at the University of Toronto, offers a concise finance-focused perspective. He discusses why a debt loan to xAI made sense for a pension fund. He explains how institutional risk, reputational concerns and political backlash factor into big investment decisions. He weighs sector-wide AI bets against legal mandates and public trust.


