Blackstone’s Jas Khaira says fears over AI-buildout debt are overblown

At TechCrunch Disrupt, Blackstone veteran Jas Khaira discussed the firm’s central role in financing the AI boom through its $1.3 trillion in assets under management. Blackstone invests across compute financing, data centers, and frontier AI models via its new hub Blackstone N1 (BXN1). It pioneered a financing model that lends to neoclouds by analyzing committed customer contracts and using GPUs as collateral, starting with a $2.3 billion loan to CoreWeave in 2023. Despite recent market jitters, rising interest rates, and CoreWeave’s debt ballooning to $50 billion, Khaira downplayed fears of a widespread credit crisis, noting that most data center debt is backed by highly creditworthy hyperscalers. Blackstone also formed a $1.5 billion joint venture called Ode with Anthropic and Hellman & Friedman to help companies adopt AI.

(Source：TechCrunch)