Good, potentially very lucrative things will come to the AI investors who wait, if you ask Jon Gray.
Gray, the president and chief operating officer at Blackstone, said that growing concern about the pace of the AI buildout is somewhat overblown.
“I’m not going to discount that there’s not going to be misallocations of capital. There are people who are doing things that may not turn out to have high returns. But I think the impatience is a little misplaced. It takes some time for the applications to happen,” Gray said on an episode of Blackstone’s quarterly market views video that aired on July 30.
July was a turbulent month for AI-linked…
