Blackstone Gray Raises Possibility of Equity Financing by Meta, Google, and Oracle

Blackstone President and COO Jon Gray said Meta, Alphabet, and Oracle could turn to large-scale equity raises to fund AI expansion, speaking at the Global Financial Leaders' Investment Summit in Hong Kong. Gray cited AI compute demand outpacing supply—spanning semiconductors, data centers, and computing infrastructure—as the driver behind potential capital raises. He named the three companies as candidates for sizable equity financing, though none has announced share issuance plans. The comments signal that Big Tech's AI infrastructure buildout may increasingly tap equity markets alongside debt, a notable shift given the scale of capital required. Investors should watch for any formal capital-raising announcements from Meta ($META), Alphabet ($GOOGL), and Oracle ($ORCL) and how Blackstone positions itself in AI-related financing.