Blackstone’s Jon Gray says AI’s capital appetite will force bigger fundraisings
Photo: Crypto Briefing
The Blackstone president expects Meta, Google and Oracle to tap equity markets as demand for compute outruns supply Building artificial intelligence turns out to be very expensive. Blackstone President Jon Gray thinks the bills are about to get bigger, and that tech giants will have to raise a lot more money to pay them. Speaking at the Global Financial Leaders’ Investment Summit in Hong Kong on November 3, 2026, Gray said the AI boom will push tech companies toward more large-scale capital raisings. His reasoning is simple.
Source: Crypto Briefing
