Though many on Wall Street are rotating out of Big Tech, investors are still excited about the prospects of AI.
Blackstone President & COO Jonathan Gray joins Wealth! to discuss the company’s future with AI and how he expects the sector to operate moving forward.
Gray outlines how the company is full steam ahead with investments in and around AI : “Our focus has really been on building the backbone, the infrastructure of the 21st century, which is the data centers and the power that goes with it. And so if you look at what we’re doing, we’ve acquired and invested in the fastest growing data center company in the world, in QTS, which is in our infrastructure business and our real estate business. We’ve partnered with Digital Realty. We just did a $7.5 billion financing we led for CoreWeave who’s an AI infrastructure business.”
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Nicholas Jacobino