Blackstone’s AI Gets a Voice in Deals, but Not a Vote
By PYMNTS
AI summary of the source article
Blackstone has introduced an artificial intelligence chief investment officer to review nearly every proposed investment alongside human deal teams. The system draws on over 14 years of the firm's internal investment memos and committee debates.
Why it matters
It gives "AI a formal role in how the world’s largest alternative asset manager evaluates where to deploy capital."
Key facts
- Blackstone introduced an AI chief investment officer to review nearly all proposed investments alongside human deal teams.
- The system utilizes more than 14 years of internal investment memos and committee debates.
- The initiative grants AI a formal role in Blackstone's capital deployment evaluations.
Source excerpt · PYMNTS
Blackstone has introduced an artificial intelligence (AI) chief investment officer that reviews nearly every proposed investment alongside its human deal teams, giving AI a formal role in how the world’s largest alternative asset manager evaluates where to deploy capital. The system uses more than 14 years of Blackstone’s internal investment memos and committee debates to […] The post Blackstone’s…