Drew McKnight on CNBC Closing Bell Live From CAIS Summit

Fortress Co-CEO and Managing Partner Drew McKnight joined CNBC live from the CAIS Alternative Investment Summit in Los Angeles.

“We're incredibly bullish on AI and what it's going to do from a productivity perspective. I think where we're just a little bit more cautious is the insatiable demand for capital and the amount of capital it takes to build these data centers. We don't think every one of them is going to be a winner,” said Drew McKnight. “Particularly on the credit side, you've got winners and losers, and your winners can't pay for your losers because you don't have the asymmetric upside that you do on the equity side.”

Watch the interview here.