Blackstone flags AI complacency

Blackstone is cautioning that Wall Street may be underestimating the disruptive potential of artificial intelligence. Jonathan Gray of Blackstone has stated that AI-related risks are now a primary consideration when evaluating potential deals.

Gray highlighted that AI is driving a new industrial revolution, which will reshape the global economy and create substantial investment opportunities. He noted that AI is already displacing workers in software development and customer service roles. This technological shift necessitates significant investment in data centres, power generation, and electrical grid upgrades.

Blackstone is strategically positioning its investments to capitalise on AI adoption while mitigating potential disruption risks. The firm is focusing on infrastructure investments and analysing portfolio companies for AI-related vulnerabilities.