Blackstone's Jas Khaira says AI-buildout debt fears are overblown

Blackstone veteran Jas Khaira said at TechCrunch Disrupt that fears of a credit crisis from AI infrastructure debt are overblown. The firm, with $1.3 trillion in assets, is the largest owner of compute outside hyperscalers, having lent CoreWeave $2.3 billion and invested $5 billion in Crux AI.

• Blackstone manages $1.3 trillion in assets and finances AI infrastructure
• Its $2.3 billion CoreWeave loan in 2023 became the neocloud financing model
• Blackstone committed $5 billion to Crux AI and backed chip startup Etched
• CoreWeave's debt has ballooned to about $50 billion as its shares fell over 20%