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

Blackstone’s AI head on why the PE giant isn't panicked by market jitters.

Key points

• Blackstone’s AI head on why the PE giant isn't panicked by market jitters.

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Private equity giant Blackstone is putting itself at the center of the AI boom, firm veteran Jas Khaira discussed last week on stage at TechCrunch Disrupt.

It is writing checks via various strategies, ranging from offering massive loans to data centers to investing in frontier AI models and applications.

Earlier this year, the firm launched Blackstone N1 (BXN1), a San Francisco-based central hub for its AI initiatives. The group is led by Khaira, who relocated from New York to be at the epicenter of AI.

Unlike earlier tech cycles such as mobile or SaaS, which allowed companies to reach significant scale with moderate capital, the transition to AI requires staggering amounts of investment. That need for capital is precisely why Blackstone, with its $1.3 trillion in assets under management, could play such a critical role in this tech shift.

Khaira emphasized that Blackstone sets itself apart from traditional venture capitalists through its focus on compute financing and its ability to offer flexible capital structure