Jon Gray says impatience about AI returns is 'a little misplaced'

Jonathan Gray said AI applications will "take time" to show up. Bloomberg/Getty Images Jon Gray, the president of Blackstone, said it "takes some time" for AI applications to show up. Blackstone is invested across the AI ecosystem, and Gray said the growth has "a long way to run." The firm recently bought three hotels in the San Francisco area, the country's center of AI. Good, potentially very lucrative things will come to the AI investors who wait, if you ask Jon Gray. Gray, the president…