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On October 22, 2026, Blackstone executive Jas Khaira said at TechCrunch Disrupt that market concerns about a credit crisis triggered by AI infrastructure debt are exaggerated. His reasoning is that most data centers are built for hyperscale cloud providers, and the debt is ultimately backed by companies with the best credit in the world. He also acknowledged that recent rising interest rates and widening credit spreads have pushed up borrowing costs, CoreWeave's stock has fallen more than 20% in recent days, and Firmus also canceled an ASX IPO valued at about $30 billion. Blackstone has $1.3 trillion in assets under management, established the San Francisco AI center Blackstone N1 (BXN1) this year, has invested $5 billion in Crux AI, and formed a $1.5 billion joint venture Ode with Anthropic and Hellman & Friedman. This statement is currently a single-source report, with no subsequent factual developments.
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Blackstone's Jas Khaira says AI infrastructure debt concerns are exaggerated
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Oct 22
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Blackstone's Jas Khaira Says Concerns About AI Infrastructure Debt Are Overblown
Blackstone executive Jas Khaira said at TechCrunch Disrupt that market concerns that AI infrastructure debt will trigger a credit crisis are overblown, because most data centers are built for hyperscale cloud providers, and the debt is ultimately backed by companies with the best credit in the world. Blackstone has $1.3 trillion in assets under management, launched its San Francisco AI hub Blackstone N1 (BXN1) this year, has invested $5 billion in Crux AI, and formed a $1.5 billion joint venture, Ode, with Anthropic and Hellman & Friedman. He acknowledged that recent rising interest rates and widening credit spreads have pushed up borrowing costs, that CoreWeave's stock has fallen more than 20% in recent days, and that Firmus also canceled an ASX IPO at a valuation of about $30 billion.