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Blackstone president Jon Gray rejects AI bubble claims, citing parabolic demand

NewsFeeds update

Blackstone president Jon Gray rejected claims that AI is a bubble, saying firms are building capacity while trying to keep pace with near-parabolic demand. He said the situation differs sharply from the 1990s telecom bubble, citing Ode, the AI advisory firm Blackstone set up with Anthropic.

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Read the original on PANews

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.