Blackstone’s Gray Sees AI Disrupting Industries as Biggest Risk

While some investors are raising alarms of a looming bubble in artificial intelligence, Blackstone Inc. President Jon Gray is focused on a different risk tied to the technology — the rapid disruption of certain industries.

Gray is focused on what happens when industries change overnight, like what happened to “the Yellow Pages back in the ‘90s when the internet came along,” he said Thursday in a Bloomberg TV interview.