Blackstone's Gray says AI buildout needs more equity as lenders' exposure grows
At the HKMA's Global Financial Leaders' Investment Summit, Blackstone's president said the scale of AI capital required is creating concentration risks for debt investors, while Pimco's Emmanuel Roman said the scale of AI financing could prove 'too much' for markets
The artificial intelligence infrastructure buildout will need more equity financing as lenders become increasingly exposed to the companies driving it, Blackstone President and Chief Operating Officer Jon Gray said on Tuesday. Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Gray said the scale of capital required for AI is creating concentration risks for debt investors, both across the sector and at individual companies.