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On October 22, 2026, Blackstone Group President Jon Gray rebutted the claim that there is an AI bubble. He believes that in the AI field, capacity is being built while demand is being chased, which is completely different from the telecommunications bubble of the 1990s. Gray cited Ode, an AI consulting company jointly established by Blackstone and Anthropic, as an example, saying that client demand is growing almost parabolically and the company simply cannot keep up. Currently, this claim is reported by IT Home · Artificial Intelligence, and there are no further developments.
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Blackstone President Rebuts AI Bubble Theory, Says Demand Is Growing "Parabolically"Developments
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Oct 22
IT Home · Artificial Intelligence
Blackstone President Rebuts AI Bubble Theory, Says Demand Is Growing "Parabolically"
Blackstone President Jon Gray rebutted Ken Griffin's AI bubble theory, arguing that in the AI sector, capacity is being built while demand is being chased, which is entirely different from the telecommunications bubble of the 1990s. Citing Ode, an AI consulting company jointly founded by Blackstone and Anthropic, he said client demand is growing almost parabolically, and the company simply cannot keep up.