“PE巨头”黑石总裁：华尔街低估了AI的颠覆性，现在投项目首先评估“颠覆风险"

Core Viewpoint - The article emphasizes that Blackstone has elevated AI risk assessment to the highest priority in investment decisions, warning that traditional industries may face significant disruption from AI technologies [2][3][5]. Group 1: AI Disruption Risks - Blackstone's President Jonathan Gray warns that Wall Street investors are underestimating the potential of AI to render entire industries obsolete [2][5]. - The company has mandated that all investment teams must outline the impact of AI on their investment memorandums, focusing on how AI affects business models in sectors like accounting, legal, and data processing [3][4]. - Gray compares the disruption caused by AI to the fate of New York taxi medallions, which lost 80% of their value due to the rise of ride-sharing apps, highlighting the rapid changes AI can bring to traditional business models [3][5]. Group 2: Investment Strategy Adjustments - Blackstone is actively reassessing both new transactions and existing portfolio companies in light of AI risks, particularly in sectors vulnerable to AI-driven competition [3][6]. - Despite recognizing the risks, Blackstone is also positioning itself to capitalize on AI opportunities, investing heavily in utility companies that power data centers and repositioning industrial portfolio companies to sell products to AI infrastructure providers [6]. - Gray notes that while AI may cause economic disruption, it could also lead to significant productivity gains and the creation of trillions of dollars in new enterprise wealth, urging teams not to overlook AI-related opportunities [6].