KKR’s Raj Agrawal Warns of Froth in AI Investment Stampede

KKR & Co.’s Raj Agrawal said he’s among those concerned about excess exuberance in data centers and artificial intelligence and that the firm is being selective to mitigate risk.

“Some of these investments are likely not going to work out, that’s just the reality when you have this much capital moving this fast,” Agrawal, KKR’s head of real assets, said in an interview at the firm’s New York headquarters.