“If you don’t want to use AI, your competitors will” Blackstone Founder Stephen Schwarzman

When Stephen Schwarzman talks, people listen! The co-founder and CEO of Blackstone, he has built the largest private equity company in the world from nothing, managing assets of more than one trillion “The companies that don’t want to work with AI will be at a significant economic disadvantage,” he tells #Handelsblatt editor-in-chief Sebastian Matthes. “ If you don’t want to accept that, your competitors will.”

In the podcast, Schwarzman describes how Alibaba founder Jack Ma got him thinking about AI one rainy afternoon and how he reorganized his business as a result. And why he has since invested hundreds of millions of private funds in AI research.

He also talks about the need of AI regulation and why he believes only a global institution will be able to handle the challenges AI poses.

Sebastian Matthes and Steve Schwarzman in Handelsblatt Disrupt