Massive AI Spending ‘Exactly the Opposite’ of a Bubble, Says Blackstone

Massive AI spending ‘exactly the opposite’ of a bubble, says Blackstone

Blackstone chief Jon Gray said genuine demand for computing power is constrained by limited supply, unlike typical bubbles driven by excess capacity.

Massive AI spending 'exactly the opposite' of a bubble, Blackstone says

Huge investments in AI data centres and other infrastructure are not fuelling a stock market bubble, a top Wall Street firm insisted after a commitment to spend billions alongside chip giant Nvidia. Investors are increasingly questioning if the massive outlays in artificial intelligence will justify sky-high valuations for technology firms, or prove a painful bubble reminiscent […]