Wall Street investors are underestimating artificial intelligence’s potential to make entire industries obsolete, Blackstone’s president has said, adding that the impact of the technology was now “top of our list” when evaluating deals.
Jonathan Gray said that understanding AI risks has become a priority for the private capital group when assessing investments, with the technology already upending business models and causing job losses.
Source: https://www.afr.com/world/europe/wall-street-complacent-about-massive-ai-disruption-blackstone-warns-20251019-p5n3j2