While attending the International Financial Leaders Investment Summit in Hong Kong, Blackstone President and Chief Operating Officer JonGray said that the core reason that Blackstone invests in AI models has surged 20 times in the past year, driving companies to continue to increase AI is that AI applications such as content creation, customer interaction, and code writing have already been implemented and generated real financial benefits. JonGray said that he has full confidence in the AI infrastructure circuit. The underlying logic comes from basic supply and demand laws, and demand for computing power is currently very strong. Comparing the telecom boom in the late 90s, he pointed out that the industry model back then was to build supply first and wait for demand to follow up; now, the AI market has completely reversed, and demand has greatly outperformed supply, which gives him unique confidence in AI development.

While attending the International Financial Leaders Investment Summit in Hong Kong, Blackstone President and Chief Operating Officer JonGray said that the core reason that Blackstone invests in AI models has surged 20 times in the past year, driving companies to continue to increase AI is that AI applications such as content creation, customer interaction, and code writing have already been implemented and generated real financial benefits. JonGray said that he has full confidence in the AI infrastructure circuit. The underlying logic comes from basic supply and demand laws, and demand for computing power is currently very strong. Comparing the telecom boom in the late 90s, he pointed out that the industry model back then was to build supply first and wait for demand to follow up; now, the AI market has completely reversed, and demand has greatly outperformed supply, which gives him unique confidence in AI development.