Blackstone Plans Overhaul With Focus on New AI Unit

Blackstone Inc. is folding its growth business into a new West Coast-based division that will focus solely on the alternative investment giant’s artificial intelligence portfolio, which includes OpenAI and Anthropic PBC.

The new group, Blackstone N1, will be led by veteran executive Jas Khaira, who will relocate to San Francisco from New York. He’ll take over as head of Blackstone Growth, replacing Jon Korngold, who’s leaving the company after an uneven run for the unit that invested in tech startups.