A profile of Blackstone President Jon Gray, who is making AI his biggest bet, has built a $200B data center empire, and is building a cloud venture with Google (Preeti Singh/Bloomberg)
From data centers and chip financing to AI advice on potential deals, the technology is everywhere at the alternative-investment giant
Blackstone has significantly expanded its AI investments, amassing a data centre portfolio valued at $200bn, as reported by Private Equity Wire. This expansion has been fueled by acquisitions such as QTS Realty Trust and AirTrunk, as well as the development of new projects. The firm's strategic moves include acquiring stakes in AI companies like OpenAI and Anthropic, partnering with tech giants such as Google, and investing in related infrastructure like power generation and battery storage.
However, this aggressive push into AI infrastructure has sparked concerns over potential technology obsolescence, escalating infrastructure costs, and a high concentration of capital in AI-related assets.
Brief written by urgent.news from Private Equity Wire's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Blackstone’s AI investments reach $200bn in data centres alone privateequitywire.co.uk
