Blackstone CEO Sounds Alarm on AI Supply Crunch: 'Seldom in My Career Have I Seen' Anything Like It
Blackstone (NYSE: BX) Q3 earnings beat estimates on $1.4T record AUM, driven by AI infrastructure and private credit expansion.
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Filed: 2026-10-22 AccNo: 0001193125-26-428297 Size: 3 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
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Blackstone (NYSE: BX) Q3 earnings beat estimates on $1.4T record AUM, driven by AI infrastructure and private credit expansion.
Blackstone has reportedly led a $300 million debt financing package to support the buyout of Gooch & Housego.
Steve Schwarzman, a top billionaire, has dismissed AI bubble fears, pointing to the rising demand for AI and constrained supply
Blackstone reported an increase in third-quarter net income driven by gains in AI infrastructure investments, despite a decline in distributable earnings.