Blackstone president calls for more equity to fund AI buildout as debt risks mount

Blackstone President Jon Gray highlighted the need for increased equity financing to support the massive capital demands of AI infrastructure, citing risks for debt investors amid $10 trillion projected AI spending. Pimco CEO Emmanuel Roman warned that AI financing could overwhelm markets, with $550 billion in AI debt issued this year and global data center investments expected to reach $8.5 trillion in five years.