Blackstone (NYSE:BX) is launching a new division focused on alternative investments in artificial intelligence and high-growth tech, including companies such as OpenAI and Anthropic.
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Jas Khaira will lead the newly formed Blackstone N1 division and relocate from New York to San Francisco to head the firm’s new West Coast–based team, Bloomberg reported.
Khaira will take over as head of Blackstone Growth, succeeding Jon Korngold, who is departing the firm. He will also maintain his original position as leader of Blackstone’s Tactical Opportunities business in the Americas and will continue to serve on its investment committee.
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