Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth

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FILE PHOTO: A screen displays Blackstone logo on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 28, 2026. REUTERS/Jeenah Moon/File Photo
Jon Gray, President and Chief Operating Officer of Blackstone, speaks during the Global Financial Leaders' Investment Summit in Hong Kong, China, November 3, 2026. REUTERS/Tyrone Siu

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HONG KONG, Nov 3 : Blackstone President Jon Gray said on Tuesday there would be more global equity fundraising needed to keep up with the enormous likely demand from the AI industry's growth.

Gray, speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, said most of the major tech companies were expected to raise more capital.

Source: Reuters

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