# Blackstone President Jon Gray said the boom in artificial intelligence will lead to a surge in blue-collar employment.

*business · news · 2026-05-04 · Livemint*

## Key points

- QTS, backed by Blackstone, will expand to 40,000 data center workers by year-end from 10,000 last year.
- Jon Gray stated AI infrastructure investment will particularly boost blue-collar employment in the U.S. Midwest.
- Boston Consulting Group estimates AI could eliminate up to 15% of jobs in five years.
- Franklin Resources' CEO suggested mass AI adoption will create unforeseen new job categories.

**Companies:** Blackstone Inc., Franklin Resources Inc., QTS
**Countries:** United States

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