Blackstone Inc. President Jon Gray said investors don’t need to fear that the boom in AI will turn into a bubble, just days after billionaire Ken Griffin said he fears the industry was “almost certainly” headed in that direction.
“When you think about a bubble, you think about building capacity and then hoping the demand comes,” Gray said in an interview with Bloomberg TV Thursday after the firm reported its third-quarter results. “With AI, you’re building capacity, and you’re hoping you can keep up with the demand.”
