Blackstone’s Jon Gray on the Economy, AI as “The Main Thing,” and Where to Invest Now | Sept. ’25



From Blackstone’s 2025 CIO Symposium: Jon Gray distills the macro environment, AI as “The Main Thing,” and the outlook for alternatives. In this keynote, he explores the forces driving growth and opportunities shaping the future of private equity, real estate, credit, infrastructure and more.

0:00-1:18 – Intro
1:19-6:37 – How Is Blackstone Doing?
6:38-11:39 – The Economy & Investment Environment
11:40-22:07 – AI Is “The Main Thing”
22:08-26:30 – The Outlook for Alternatives
26:31-32:43 – Good Places to Deploy Capital

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