Michael Chae, chief financial officer of Blackstone Group, said that the company raised more than 260 billion US dollars in the past year, the best 12 months in the past four years. He also said that capital inflows from institutional investors surged 50% during the same period. He said Blackstone's investment in AI will begin to be reflected in earnings, as strong performance will lead to cost increases.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.