People·October 22, 2026 at 2:30 PM EDT·1 source
Blackstone's Schwarzman Discovered the AI Revolution by Accident
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News
What happened
- Blackstone CEO Stephen Schwarzman said Jack Ma helped him discover the AI revolution “by accident” in 2015.
- Schwarzman shared the account ahead of an episode of Bloomberg’s “Leaders With Francine Lacqua.”
Why it matters
The account offers context on how a major private-equity firm’s leadership viewed AI at an early stage. It may be relevant to sponsors and corporate-finance professionals tracking technology investment themes.
What to watch. The upcoming “Leaders With Francine Lacqua” episode featuring Schwarzman.
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Timeline
- EarlierOct 22Blackstone cuts property valuations as higher rates hit returns
- EarlierOct 22Blackstone Leads Debt Package to Take Gooch & Housego Private
- EarlierOct 22The AI Spending Profit Test, Blackstone's Gray sees "Parabolic" Demand
- First reported by BloombergOct 22Blackstone's Schwarzman Discovered the AI Revolution by Accident
Who is involved
Blackstone's Schwarzman Discovered the AI Revolution by AccidentBlackstoneBXBloombergStephen SchwarzmanJack MaFrancine Lacqua
CompanyPerson
Sources (1)
Related
- Oct 23 · Blackstone Bet on Chips Drove a Debt Boom That’s Upending Credit
- Oct 22 · Blackstone Leads Debt Package to Take Gooch & Housego Private
- Oct 23 · Blackstone's Early Bet on AI
- Oct 23 · Why Blackstone Thinks AI Bottlenecks Could Work in its Favor
- Oct 22 · The AI Spending Profit Test, Blackstone's Gray sees "Parabolic" Demand
- Oct 22 · Blackstone cuts property valuations as higher rates hit returns
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