Blackstone's Jas Khaira says AI-buildout debt fears are overblown
Overview
Blackstone managing director Jas Khaira says concerns about debt financing for AI infrastructure are overblown, because most data centers serve hyperscalers with creditworthy customers.
Speaking at TechCrunch Disrupt, Khaira acknowledged rising borrowing costs, CoreWeave's debt of about $50 billion, and a cancelled Firmus IPO at a valuation of roughly $30 billion. He also said Blackstone's $1.5 billion Ode joint venture with Anthropic shows that returns from AI are uneven.
Written by AI from the articles below · updated Oct 21, 6:53 PM ET
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- TechCrunch · AINewsBlackstone's Jas Khaira says fears over AI-buildout debt are overblown
AIBlackstone managing director Jas Khaira said at TechCrunch Disrupt that concerns about AI infrastructure debt are overblown, since most data centers serve hyperscalers with creditworthy customers. He acknowledged rising borrowing costs, a CoreWeave debt level of about $50 billion, and a cancelled Firmus IPO at a roughly $30 billion valuation. He also said the firm's $1.5 billion Ode joint venture with Anthropic shows AI ROI that is uneven.
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