Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth

Blackstone, Pimco Chiefs Debate the Perils of AI Boom

Blackstone President Jon Gray and Pimco CEO Emmanuel Roman debate whether global credit markets can absorb the tech industry’s multitrillion-dollar AI spending spree, at the HKMA Global Financial Leaders' Investment Summit. (Source: Bloomberg)

Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth

HONG KONG, Nov 3 : Blackstone President Jon Gray said on Tuesday there would be more global equity fundraising needed to keep up with the enormous likely demand from the AI industry's growth.Gray, speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, said most of the majo

Jon Gray Expects Meta, Google and Oracle to Pursue AI Equity Raises

He also named SpaceX and Anthropic as possible IPO candidates; his forecast put hyperscaler capital expenditures at $820 billion by 2026, or about 2.5% of U.S. GDP.

Blackstone's Jon Gray says AI's capital appetite will force bigger fundraisings

AI's rising costs will intensify competition for capital, impacting tech giants' strategies and potentially reshaping investment landscapes.