Blackstone’s AI chief investment officer writes an assessment of nearly every proposed investment for the firm’s Monday committee, but it has no vote.

The model builds on tools Blackstone’s deal teams already use, which have cut the review of thousands of deal documents from a weekend to minutes.

Between 80% and 85% of executives at large U.S. enterprises expect AI to augment human decisions over the next five years rather than replace them, and none expect full autonomy.

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.

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

The system uses more than 14 years of Blackstone’s internal investment memos and committee debates to produce a separate assessment of potential transactions. It takes part in the investment review but has no vote, Bloomberg reported in October.

Every Monday, Blackstone President Jon Gray and the firm’s senior partners meet to evaluate potential transactions. Nearly every investment under consideration now comes with two memos: one prepared by the deal team and another generated by the AI chief investment officer, Bloomberg reported.

The AI’s assessment becomes part of the committee’s regular review, giving executives another perspective before they decide.

The AI chief investment officer cannot approve or reject investments. That authority stays with the firm’s executives.

Source link