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

Blackstone AI head Jas Khaira told a TechCrunch Disrupt audience that fears over debt financing the AI infrastructure buildout are overblown. He said Blackstone prices neocloud lending against the creditworthiness of end customers such as Microsoft or Meta, not the neocloud's own balance sheet. Blackstone's first neocloud loan, a 2023 $2.3 billion facility to CoreWeave, was secured against Nvidia GPUs.