Finance
AI development is biggest economic growth driver, Blackstone says
Published by Global Banking and Finance Review
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Quick Summary
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.
Blackstone: AI Investment Drives Economic Growth in the U.S.
The Role of AI in Economic Growth
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.
Importance for Private Capital Groups
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.
Investment in Semiconductor Facilities
(Reporting by Arasu Kannagi Basil in Bengaluru and Isla Binnie in New York)
Key Takeaways
- •AI is the largest driver of U.S. economic growth.
- •Private capital is crucial for AI infrastructure.
- •Blackstone highlights AI's role in economic expansion.
- •AI facilities need significant private debt capital.
- •Semiconductor plants are vital for AI development.
Frequently Asked Questions about AI development is biggest economic growth driver, Blackstone says
1What is artificial intelligence (AI)?
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn like humans.
2What is economic growth?
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
3What is private capital?
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.
4What are semiconductor facilities?
Semiconductor facilities are specialized manufacturing plants that produce semiconductor devices, which are essential components in electronic devices.
5What is investment?
Investment is the act of allocating resources, usually money, in order to generate income or profit over time.
