Blackstone Expects More Tech Fundraising to Meet AI Demand
Jon Gray, president of Blackstone, said on Tuesday that the tech sector will need more fundraising from share sales around the world. He said this is needed to keep up with the very large demand that the growing AI industry is likely to create.
Quick glossaryBlackstone, Equity fundraising
- Blackstone
- A large US investment firm based in New York, best known for managing very big funds and buying companies.
- Equity fundraising
- Raising money by selling shares of company ownership to investors instead of taking loans that must be repaid later.
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