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Blackstone goes all in on artificial intelligence, 200000000000 USD with data center investments becoming a core focus

According to BlockBeats,October 15, Blackstone (BX.N) has built a data center investment portfolio valued at 200000000000 USD and is working with Google to build a cloud computing business. Blackstone has also invested in artificial intelligence labs including OpenAI, provided loans backed by Broadcom and NVIDIA chips, and committed capital to power plants and data center cooling equipment. These moves indicate that the world's largest alternative asset manager is making a comprehensive push into artificial intelligence through various channels.

Nearly every private-market investment firm is investing in some area of the artificial intelligence boom. While other firms remain cautious about certain markets, Blackstone has consistently expressed confidence in the opportunities presented by artificial intelligence. President Gray said that artificial intelligence investing is the “most important thing” Blackstone is currently pursuing.

Original link https://m.theblockbeats.info/flash/372059