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Blackstone’s Gray says AI disruption risk is ‘top of the page’ for us - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Blackstone’s Gray says AI disruption risk is ‘top of the page’ for us Energy , Technology Feb 3, 2026 (Reuters) — Disruption to businesses from artificial intelligence development is “top of the page” for Blackstone, the world’s largest alternative asset manager, its president and chief operating officer Jon Gray said on Tuesday. “You want to be thinking about this in almost everything you’re doing now,” Mr. Gray told the WSJ Invest Live event in West Palm Beach, Florida. Blackstone manages assets worth $1.27 trillion, spanning most sectors of the economy across the world. Some of its portfolio, including sandwich shops and apartment complexes, are “less at risk,” Mr. Gray said. But other businesses face much more serious questions, he added, citing an insurance firm lowering rates for customers using self-driving cars. “You start to say, well, what does that mean for collision repair? What does that mean for auto insurance? What’s going to happen to all sorts of rules-based businesses?” he said. Along with other large private capital firms, Blackstone has invested heavily in the infrastructure around AI, including data center operator QTS, which drove growth in its funds last year. It also invests in power generation and transmission and agreed to buy U.S. utility TXNM Energy for $11.5 billion last year. Mr. Gray said focusing on “picks and shovels” is the safest way to play the AI megatrend. “You don’t necessarily have to know who the winners and losers are going to be,” Mr. Gray said. “The data centers, the autonomous vehicles, the robots, they are all going to plug into the wall and there’s going to be a lot of need for digital infrastructure.” Mr. Gray said Blackstone is also investing in large-language-model companies and other software firms that apply AI technology, “because I think there will be an enormous amount of value, but that is obviously riskier.” Related News Career on the rocks February 3, 2026 Cyber claims frequency falls 29% in US, Canada in 2025: Marsh February 3, 2026 Everest’s Jill Beggs chosen Insurance Woman of the Year February 3, 2026 Georgia bill proposes sweeping changes to prescribing in comp February 3, 2026 Specialty Program Group to consolidate transportation February 3, 2026 WTW expects organic broking growth despite softening February 3, 2026 Berkshire Hathaway Specialty names head of financial institutions February 3, 2026 Radian completes $1.7B Inigo acquisition February 3, 2026 Suncorp’s earnings pressured by nearly $1B disaster tab February 3, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. 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