Finance
AI development is biggest economic growth driver, Blackstone says
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Blackstone identifies AI investment as the primary driver of U.S. economic growth, emphasizing the need for private capital in AI infrastructure like semiconductor plants.
Jan 29 (Reuters) - Investment in developing artificial intelligence is the biggest driver of economic growth in the United States today, leading executives at the world's largest alternative asset manager Blackstone said on Thursday.
With particular relevance to private capital groups like Blackstone, "the build-out of AI requires a massive amount of private debt capital for construction" of facilities including semiconductor fabrication plants and data centers, president and chief operating officer Jon Gray said on a conference call.
(Reporting by Arasu Kannagi Basil in Bengaluru and Isla Binnie in New York)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn like humans.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
Private capital refers to investment funds that are not listed on public exchanges and are typically used for private equity, venture capital, and real estate investments.
Semiconductor facilities are specialized manufacturing plants that produce semiconductor devices, which are essential components in electronic devices.
Investment is the act of allocating resources, usually money, in order to generate income or profit over time.
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