Blackstone's Jas Khaira Calls AI-Buildout Debt Fears Overblown Amid CoreWeave Selloff and Firmus IPO Cancellation
This is a business and finance item with no cyber threat content. Blackstone executive Jas Khaira, who leads the firm's San Francisco AI hub Blackstone N1 (BXN1), said at TechCrunch Disrupt that concerns over AI infrastructure debt are overblown. Rising interest rates, wider credit spreads and the roughly $50 billion in CoreWeave debt have rattled markets, with CoreWeave shares down over 20% and Firmus shelving its planned ASX IPO at a roughly $30 billion valuation. Khaira argued that most data center debt is ultimately backed by hyperscalers, so the situation is unlike 2008. Blackstone, which manages $1.3 trillion in assets, also described its financing model for neoclouds and its $1.5 billion "Ode with Anthropic" joint venture with Anthropic and Hellman & Friedman.
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Blackstone's Jas Khaira Calls AI-Buildout Debt Fears Overblown Amid CoreWeave Selloff and Firmus IPO Cancellation
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This is a business and finance item with no cyber threat content. Blackstone executive Jas Khaira, who leads the firm's San Francisco AI hub Blackstone N1 (BXN1), said at TechCrunch Disrupt that concerns over AI infrastructure debt are overblown. Rising interest rates, wider credit spreads and the roughly $50 billion in CoreWeave debt have rattled markets, with CoreWeave shares down over 20% and Firmus shelving its planned ASX IPO at a roughly $30 billion valuation. Khaira argued that most data center debt is ultimately backed by hyperscalers, so the situation is unlike 2008. Blackstone, which manages $1.3 trillion in assets, also described its financing model for neoclouds and its $1.5 billion "Ode with Anthropic" joint venture with Anthropic and Hellman & Friedman.