Blackstone President Jon Gray expressed optimism regarding the artificial intelligence buildout, distinguishing the current trend from past market cycles.
Key facts
- •Blackstone President Jon Gray expressed a positive outlook for AI infrastructure.
- •Gray made his comments on the sidelines of the Bloomberg New Economy Forum in New Delhi.
- •He contrasted the current AI investment cycle with the historical telecom boom.
- •Gray noted that the current environment is distinct from past cycles that featured high leverage and supply-demand imbalances.
Blackstone President Jon Gray stated that he remains positive about the outlook for artificial intelligence infrastructure development. Speaking at the Bloomberg New Economy Forum in New Delhi, Gray noted that the current environment persists despite rising costs of capital.
Comparison to Past Market Cycles
Gray contrasted the current AI buildout with previous periods of high investment, such as the telecom boom. He noted that unlike the telecom era, which was characterized by high leverage and building supply ahead of demand, the current AI infrastructure development feels fundamentally different.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Technology.
