Blackstone exec says fears about AI borrowing are overblown

Blackstone's Jas Khaira told TechCrunch Disrupt that worries about borrowed money funding the AI boom are overblown. He said Blackstone judges loans to specialist cloud companies by the strength of their customers, such as Microsoft or Meta, not the cloud company's own finances. Its first loan, a 2023 $2.3 billion deal with CoreWeave, was secured against Nvidia's AI chips.