Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth
BX•Blackstone President Jon Gray said more global equity fundraising will be needed to meet likely demand from AI industry growth. He cited expected capital raises by major technology companies and enormous data-center and energy needs.
1. Fundraising ahead
Jon Gray said most major technology companies were expected to raise more capital as AI industry growth drives demand. He cited Meta, Google and Oracle raising equity, and said SpaceX and Anthropic could go public.
2. AI infrastructure demand
Gray said he had strong conviction in AI infrastructure because demand for computing power was running well ahead of supply. He also pointed to enormous data-center and energy needs. Tech stocks globally have faced pressure in recent weeks amid concerns about AI spending.
