TOKYO -- Blackstone President Jonathan Gray on Wednesday acknowledged concerns about capital misallocation regarding AI, but said the technology marks a "sea change" that will fundamentally transform the world of business.
Executives discuss new corporate currents on second day of Nikkei forum

Jonathan Gray, Blackstone's president and chief operating officer, speaks during Nikkei's Global Management Dialogue in Tokyo on Nov. 5. (Photo by Akitoshi Sugiura)
TOKYO -- Blackstone President Jonathan Gray on Wednesday acknowledged concerns about capital misallocation regarding AI, but said the technology marks a "sea change" that will fundamentally transform the world of business.