The sudden push by Wall Street’s largest private equity firm to heavily lobby the Pentagon and State Department for largely unspecified reasons is part of an increasingly visible conflict within the U.S. establishment regarding how to handle the Artificial Intelligence “arms race.” However, what was odd about Blackstone’s hiring of David Urban was its murky reason for doing so, as the firm plans to task Urban with lobbying the Pentagon and State Department on “issues related to military preparedness and training.” This is odd, as CNBC noted, because Blackstone “doesn’t have any publicly listed government contracts, and its known investments don’t appear to have direct links to the defense industry.” It strongly appears that Blackstone’s recent moves, including Urban’s hire, are part of the firm’s bid to become one of the top “innovative companies reshaping the world” as the Artificial Intelligence (AI) arms race becomes a key driver in the “reshaping” of the global economy. Blackstone’s Steven Schwarzman is a key part of the relatively tight-knit group of billionaires and influential political figures, like Henry Kissinger and Eric Schmidt, that are working to create a “global compact on the research, introduction, and deployment of AI,” and Schwarzman has heralded the coming age of AI as representing a “fourth revolution” for humanity.
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