Investing in AI
Artificial intelligence is transforming the ways we live and work. At Blackstone, we’re investing across the AI ecosystem and deploying AI tools to build stronger businesses.
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Building the Infrastructure of the Future
From data centers to the energy that powers them, Blackstone is providing the infrastructure to fuel the AI revolution.
Spotting the AI opportunity early
Blackstone moved quickly to build the capabilities needed to invest behind AI. Steve Schwarzman and Jon Gray share how – and why we believe the firm’s scale gives us a key advantage.
Meeting explosive demand for data centers
More data has been created in the past three years than in all of human history combined, driven by cloud adoption, content creation and now AI. [ 1 ] All this data needs a place to live, creating demand for data centers and opportunity for Blackstone to invest at scale.
a generational Investment opportunity
Across sectors, patterns emerged that signaled the magnitude of AI’s impact, enabling Blackstone to move quickly and invest with conviction.
Data Proliferation
Data Center Demand
Power Consumption
Data Proliferation
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Explosive Growth in Data
Explosive Growth in Data
Data volume is roughly doubling every three years, fueling demand for data centers.
Global Data Created, Consumed, and Stored [ 2 ]
(Zettabytes) -
AI Driving Demand for Data Centers
AI Driving Demand for Data Centers
Data center capacity has grown dramatically in recent years as AI evolves.
US New Leasing [ 3 ]
(Megawatts) -
Intensifying Power Needs
Intensifying Power Needs
Power is facing a supply-demand imbalance, driven by data centers, electric vehicles and industrial megaprojects.
US Electricity Demand [ 4 ]
(Terawatt Hours)
Investing across the ai value chain
We invest at scale in the businesses that make AI possible, from data centers to hardware to electricity.
Airtrunk
QTS
Invenergy
Coreweave
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AirTrunk
AirTrunk
AirTrunk is the largest data center provider in Asia, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong and Singapore. We plan to leverage our relationships with major tech companies and deep regional ties to accelerate its continued expansion.
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QTS
QTS
QTS is the fastest-growing data center provider in the world. After acquiring QTS in 2021, Blackstone helped it scaled from the fifth-largest to the largest data center provider in North America in just three years.
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Invenergy
Invenergy
Invenergy is the largest independent renewables provider in the United States. Our investment – one of the largest in renewables in North American history – aims to help Invenergy meet the growing power needs of the AI revolution.
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Coreweave
Coreweave
A key player in the AI ecosystem, Coreweave builds and operates GPU infrastructure used to train large language models. Blackstone’s investment – one of the largest private financings in history – will enable Coreweave to execute its contracts with leading enterprise customers and AI innovators.
Fueling enterprise growth
We invest in AI-powered enterprise software and services designed to create more resilient, valuable businesses.
Vectra
Ontra
Building Strong Businesses with AI
Our team of data scientists works closely with Blackstone portfolio companies on AI strategy and integration, delivering an estimated $200 million of bottom line impact. [ 5 ]
Link Logistics
Link Logistics operates the largest portfolio of US-only industrial real estate, giving it access to a wealth of internal rent data and scale across markets. We partnered with the company in its development of a machine learning model that leverages over 2 billion data points across the Link portfolio to track unique asset-level attributes, leasing trends, market fundamentals and proximity to key demand drivers to help identify the right buildings in the right locations that are experiencing the strongest tenant demand.
Signature Aviation
We partnered with Signature Aviation to develop a machine learning model that helps field leaders align schedules with dynamically forecasted demand. This has helped enhance customer experience by preventing understaffing on peak days while improving the company’s operational performance.
Blackstone leaders on Ai
Behind the Deal: AirTrunk, Data Centers and Blackstone’s Digital Infrastructure Strategy
Global Head of Infrastructure Sean Klimczak and Global Co-Head of Real Estate Nadeem Meghji discuss Blackstone’s recent acquisition of AirTrunk, the largest data center platform in Asia.
Building the Future: Megatrends and Investment Themes
Ken Caplan, Global Co-Chief Investment Officer, explores how Blackstone aims to be at the forefront of the megatrends shaping the future across artificial intelligence (AI), infrastructure, life sciences, consumer sectors and the evolution of India—some of our highest-conviction investment themes.
The Convergence of Data Centers and Power: A Generational Investment Opportunity
Sean Klimczak, Global Head of Infrastructure, shares why he believes not only that the hype around the AI opportunity is real, but also why it’s far greater than most realize.
News & Insights
WSJ: Data-Center Owners Get an Edge Over Big Tech Tenants
Record low vacancy rates coupled with increased demand for space is creating tailwinds for data center operators across the country.
WSJ: How Wall Street Lenders Are Betting Big on the AI Boom
Explosive growth in AI requires significant capital. Blackstone is proud to expand its existing partnership with CoreWeave, investing behind some of its highest conviction themes, AI and digital infrastructure.
WSJ: AI’s Unlikely Benefactor
The Wall Street Journal dives into Blackstone Chairman, CEO and Co-Founder, Steve Schwarzman’s foresight on AI – from a bus ride in Beijing to one of today’s unlikely champions.