Blackstone President Forecasts Equity Raises for Meta and Tech Giants Amid AI Demands

Blackstone President and Chief Operating Officer Jon Gray stated that major technology firms, including Meta, Alphabet's Google, and Oracle, will need to pursue substantial equity fundraising to support artificial intelligence expansion. Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Gray noted that high-profile private companies like SpaceX and Anthropic are also positioned to seek capital through equity raises and public listings. Gray expressed confidence in AI infrastructure investments as computational, data center, and power demands outpace supply, even as tech equities face selling pressure from investor scrutiny over rising capital expenditures.