The AI Spending Profit Test, Blackstone's Gray sees "Parabolic" Demand

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• BloombergLean L·2h ago

  The AI Spending Profit Test, Blackstone's Gray sees "Parabolic" Demand

  Get a jump start on the US trading day on "Bloomberg Open Interest." Meta tops Wall Street targets, but its AI spending surge raises fresh concerns. Tesla pulls back on spending, while Blackstone President Jonathan Gray pushes back on AI bubble fears. Plus, JPMorgan’s Gabriela Santos and Goldman Sachs’ Ben Snider break down whether the AI boom can deliver profits and where investors find the next winners. (Source: Bloomberg)

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