Semafor(@semafor):🟡 @blackstone makes big bets. Jon Gray says the risk is becoming too convinced you’re right. “You keep pressing against what you’re doing to confirm that you haven’t just sort of fallen in love,” he says. Even when “the last five times you’ve done this has been great,” someone still needs to ask: “Are you sure?” That tension matters as Blackstone goes big on AI infrastructure. The firm is investing behind a technology Gray believes could reshape entire business models, while trying to invest “through the lens that this may change.” In the latest episode of The CEO Signal with @PennyPritzker and @Edgecliffe, Gray explains how Blackstone builds conviction without stopping the questions that could prove it wrong.

2026.08.27 13:46

🟡 @blackstone makes big bets. Jon Gray says the risk is becoming too convinced you’re right. “You keep pressing against what you’re doing to confirm that you haven’t just sort of fallen in love,” he says. Even when “the last five times you’ve done this has been great,” someone still needs to ask: “Are you sure?” That tension matters as Blackstone goes big on AI infrastructure. The firm is investing behind a technology Gray believes could reshape entire business models, while trying to invest “through the lens that this may change.” In the latest episode of The CEO Signal with @PennyPritzker and @Edgecliffe, Gray explains how Blackstone builds conviction without stopping the questions that could prove it wrong.