Blackstone's Gray Says AI Infrastructure Is 'Right Place to Be'
TL;DR
Blackstone President Jon Gray remains positive about the buildout of AI infrastructure even as the cost of capital rises. Speaking to Bloomberg on the sidelines of the New Economy Forum in New Delhi, he compared the current cycle with the telecom boom. Back then, supply was built ahead of demand and financed with heavy leverage. Today's situation looks and feels very different to him.
Nauti's Take
When one of the largest infrastructure investors sticks with data centers despite pricier capital, it points to stable demand and is an opportunity for everyone who depends on predictable AI capacity. The catch: Gray profits from the buildout, and on the same day the IMF warns about high valuations and debt in the sector.
Read statements like this as positioning by an interested party and look for documented utilization figures in your own decisions.
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