Blackstone COO: AI boom is 'different' from previous investment cycles
Erik McGregor/Getty Images Blackstone does not expect growing competition to drive down returns on its new investments in AI infrastructure, at least not anytime soon, said COO Jon Gray. Speaking during the firm’s Q2 earnings call, Gray said demand for data centers, chips and the power to supply them is so great that the risk of oversupply and a subsequent collapse in valuations is minimal. “It’s very hard to get the chips today, it’s very hard to get the power, it’s very hard to get the entitle
Blackstone COO Jon Gray says growing competition in AI infrastructure investments won't drive down returns soon due to high demand. The firm has land, power, and permissions for an estimated $200 billion in new data centers. Gray notes the AI boom has a different dynamic than typical investment cycles.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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