Blackstone Warns of Underestimated Disruption Power of AI

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The president of Blackstone, Jonathan Gray, has strongly warned at the Financial Times Private Capital Summit in London not to underestimate the consequences of artificial intelligence. For the world's largest private equity firm, AI has now become the dominant theme in all investment decisions. According to Gray, all credit and equity teams must address the potential impacts of the technology in their investment documents right from the start – a sign of how central this issue has become to the investment strategy. Disruption instead of Bubble...
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