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CNBC Tech

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

Tuesday, November 3, 2026


Jon Gray, president of Blackstone, stated that AI infrastructure development requires increased equity funding as debt investors encounter concentration risks from large capital expenditure plans. Gray made the comments as major technology companies continue substantial spending on artificial intelligence systems and related infrastructure. He did not specify particular companies or investment amounts in the statement.

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