Blackstone's AI infrastructure head says concerns over debt-fueled data center buildouts are overblown despite growing market jitters.
Jas Khaira, who leads Blackstone's AI investment efforts, pushed back on growing market anxiety over debt used to finance the AI infrastructure boom. Blackstone remains one of the largest private capital players funding data center construction tied to AI demand.
The comments land as other reports flag mounting physical costs of the buildout, including air quality risks from new data centers concentrated in states like Texas.
When the largest alternative asset manager in AI infrastructure says debt fears are overblown, it's a direct signal to limited partners and competing lenders about how much leverage the industry believes the buildout can sustain. Operators securing data center capacity should watch whether financing terms loosen or tighten in response, since that will set the real cost of compute for the next cycle.
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