Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth
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.
Blackstone's Jon Gray has stated that additional global equity fundraising will be necessary to keep pace with the anticipated surge in demand from the AI industry's expansion. Speaking at the Hong Kong Monetary Authority's Global Financial Leaders Investment Summit, Gray predicted that most leading tech companies would require further capital.
Companies such as Meta, Google, Oracle, SpaceX, and Anthropic were among those he mentioned as likely to raise equity. In addition, Gray highlighted the significant data center and energy requirements associated with AI, noting the "extraordinary" demand for computing power. He expressed strong confidence in AI infrastructure due to this high demand outpacing supply.
The tech sector has recently faced pressure as AI spending concerns have led to a selloff in tech stocks worldwide.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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