Blackstone CEO Stephen Schwarzman says firm is 'mindful' of 'excessive exuberance' in AI

Blackstone CEO Stephen Schwarzman has stated that his firm remains mindful of excessive exuberance surrounding AI. Despite this cautionary stance, Blackstone continues to invest billions of dollars into the development of data centers and AI infrastructure. Schwarzman's warnings highlight a strategic balance between recognizing market overenthusiasm and actively pursuing large-scale investments in the technological foundations of artificial intelligence to ensure the firm's growth and positioning within the evolving global digital landscape.