Blackstone's Khaira says AI buildout debt fears are overblown

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