2025-10-20
Blackstone says Wall Street is complacent about AI disruption “We've told our credit and equity teams: address AI on the first pages of your investment memos” https://www.ft.com/... via @ft
Financial Times
Blackstone President Jonathan Gray says AI risk is “top of our list” when evaluating deals; sources: the firm backed down from buying companies vulnerable to AI
“People say, ‘This smells like a bubble,’” but they're not asking: 'What about legacy businesses that could be massively disrupted?'" he said. …
2022-12-22
Among them, Meta exemplies the excesses of the boom... and cost cutting that is now ongoing for real: “Meta signed a lease on a 310,000-square foot office in Fitzrovia in central London last year but is now trying to sublet the block without ever having moved in” $META
Financial Times
Sources: Alphabet, Meta, and Salesforce are seeking to abandon leased office space in London and Dublin; Amazon and Microsoft put London expansion plans on hold
Financial Times :
If big tech is disciplined with costs (workforce and real estate notably)m keep investing in products/services, they will have a bright future, I'm sure. Meta and the others can be cash machines again.
Financial Times
Sources: Alphabet, Meta, and Salesforce are seeking to abandon leased office space in London and Dublin; Amazon and Microsoft put London expansion plans on hold
Financial Times :