Global financial leaders have warned that technology companies will need significantly more funding to keep up with demand for artificial intelligence infrastructure, including data centres, computing equipment and energy.
Blackstone President Jon Gray said demand for computing capacity currently exceeds supply, suggesting that major technology companies will continue seeking additional financing to expand their infrastructure.
However, he cautioned that rising capital costs could slow investment and increase the risk of market volatility.
Goldman Sachs Chief Executive David Solomon said companies with strong business prospects could continue attracting investors, while JPMorgan executive Daniel Pinto warned that some market valuations may be based on overly optimistic expectations about future AI revenues.
The debate comes amid projections that six major technology companies could spend more than $7 trillion on AI-related infrastructure between 2025 and 2030.
The scale of investment has raised questions about whether the revenue generated by AI services will justify the enormous costs of building and operating the infrastructure.
