Watch Desk posted an update
Blackstone president Jon Gray says today’s AI infrastructure buildout looks different from the telecom boom, when companies built ahead of demand using heavy leverage.
Why it mattersSpeaking to Bloomberg at the New Economy Forum in New Delhi, Gray said he remains positive about AI infrastructure despite rising capital costs. It is an investor’s comparison, not proof that the current buildout will avoid excess capacity. The useful question is whether today’s spending is backed by demand strongly enough to justify the optimism, or whether the telecom-era warning signs are still there.
Discuss: Does today’s AI infrastructure boom look meaningfully safer than the telecom buildout, or are investors underestimating the risk of building ahead of demand?
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