From Startup Fortune · · 1m 20s
Blackstone's AI Data Center Bet Hits $1.35 Trillion
Blackstone's AI infrastructure investments now worth $1.35 trillion as it becomes the landlord for the AI boom.
In brief
Blackstone's AI infrastructure investments now worth $1.35 trillion as it becomes the landlord for the AI boom. Blackstone's data center platform reached $185 billion in value, with AI-linked holdings driving 9 of 10 largest quarterly mark-ups. Originally reported by Startup Fortune.
Blackstone's Q3 Results
Blackstone reported assets under management hit a record $1.35 trillion, up 11% from a year earlier.
AI Data Center Platform Growth
Blackstone's data center platform swelled to $185 billion in total value, up from $130 billion at the start of 2.
AI Holdings Drive Mark-ups
CEO Stephen Schwarzman said AI-linked holdings accounted for nine of the ten largest mark-ups in the portfolio this quarter.
AI Cloud Partnership with Google
Blackstone committed $5 billion in equity to partner with Alphabet's Google on a new AI cloud platform by 2027.
Enterprise AI Adoption Deal
Blackstone struck a venture with Anthropic to speed up enterprise AI adoption through its platform.
Broadcom Infrastructure Funding
Blackstone financed Broadcom's AI infrastructure build-out through a platform that has already provided $35 billion.
Energy Infrastructure Investment
Blackstone put $5.3 billion into Williams, whose pipelines increasingly feed power-hungry data centers.
BXDC REIT IPO
Blackstone Digital Infrastructure Trust raised $1.75 billion in an IPO built around stabilized data centers.
In short
Blackstone's data center platform reached $185 billion in value, with AI-linked holdings driving 9 of 10 largest quarterly mark-ups.
