GoKawiilBlackstone's Gray says AI buildout needs more equity, not just debt
Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Blackstone President Jon Gray said the AI infrastructure buildout will require significantly more equity financing as lenders become overly concentrated in exposure to AI-driven companies. On the same panel, Pimco CEO Emmanuel Roman cited estimates of roughly $10 trillion in AI capital spending over five years and about $550 billion in AI debt issued so far this year, warning the financing need could become 'too much' for markets to handle.