Blackstone asserts AI buildout debt fears are overstated, citing strong customer backing

Blackstone veteran Jas Khaira stated that fears regarding debt for AI infrastructure buildout are overblown, noting that most data center construction is backed by investment-grade tech giants such as Microsoft and Meta. Blackstone, with $1.3 trillion in assets under management, is actively involved in the AI boom through Blackstone N1 (BXN1), offering compute financing ranging from debt to equity. For instance, Blackstone committed $5 billion to Crux AI, a neocloud partnered with Google, and pioneered a financing model for CoreWeave, providing a $2.3 billion loan against Nvidia GPUs, which was secured by contracts with blue-chip customers like Microsoft.