The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030.

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

“It probably won’t surprise anyone that we are again putting capital preservation at the top of our priorities,” Einhorn said in his latest investor letter.

Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that’s already done, improving its quantity and quality.

CNBC’s Robert Frank reports the latest on Blackstone.

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

Joan Solotar, global head of Blackstone Private Wealth, said the capital flight from private credit isn’t justified by the likely returns and potential losses.

The latest Global Fund Manager Survey from Bank of America shows sentiment fell to its most bearish reading since June 2025.

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions “the only ingredient missing” for stronger economic growth.