Nvidia turns its AI chips into an asset Wall Street can lend against
Some money has already been raised, and BlackRock will be “raising quite a bit more,” he said.
“We need to raise this money as fast as possible and put this to work, because I think it’s really imperative that the United States is the leader in AI in the world,” Fink said.
Jon Gray, Blackstone’s president, told the broadcaster that AI compute is becoming a “financeable asset class” in the way mortgage lenders assess homes, and said usage at the firm’s portfolio companies had climbed sevenfold this year.
The financing drive lands amid record technology spending.
Combined AI outlays from Big Tech will top US$730bn this year, Reuters reported, while Morgan Stanley projects hyperscalers will spend US$3.5tn between 2026 and 2028, according to the FT.
