Technology
Blackstone’s Gray Bets on Electricity, Defense, Life Sciences
Key Points
Blackstone’s Gray Bets on Electricity, Defense, Life Sciences Blackstone Inc.’s President Jon Gray said the firm plans to maintain heavy exposure to electricity, defense, and life sciences, arguing that artificial intelligence’s expansion from desktop computing into the physical world will drive sustained power demand for decades. Gray said defense spending has become a near-universal priority, with virtually every country investing more in its own resiliency, while life sciences represents...
Blackstone’s Gray Bets on Electricity, Defense, Life Sciences
Blackstone Inc.’s President Jon Gray said the firm plans to maintain heavy exposure to electricity, defense, and life sciences, arguing that artificial intelligence’s expansion from desktop computing into the physical world will drive sustained power demand for decades.
Gray said defense spending has become a near-universal priority, with virtually every country investing more in its own resiliency, while life sciences represents an area where Blackstone will “keep doubling down.” He said AI’s contribution will add to human health despite the risks that dominate current debate.