Steve Schwarzman Says There Needs to Be Global Regulation on AI

Blackstone CEO says ‘land rush’ underway to build data centers
Says almost everyone he knows is concerned AI may go wrong

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By Harry Brumpton

April 15, 2024 at 11:46 PM UTC

Updated on

April 16, 2024 at 1:10 AM UTC

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Blackstone Inc. Chief Executive Officer Steve Schwarzman said the artificial intelligence boom is threatening to overload power grids in the industrial world as more and more data centers are built.

There’s a “land rush” underway to build centers that provide the infrastructure for AI, Schwarzman said at the the Asia Pacific Financial and Innovation Symposium in Melbourne on Tuesday.