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Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek

  • Blackstone, a major global investor in data centers for A.I. systems, remains optimistic about the need for physical infrastructure despite the rise of Chinese A.I. start-up DeepSeek.
  • Jonathan Gray, Blackstone's president, stated that there is still a vital need for data centers and power, although the form of their use may change.
  • Blackstone has made significant investments in data centers, including the acquisition of QTS for $10 billion and leading a $24 billion deal to buy AirTrunk.
  • Mr. Gray expects wider adoption of A.I. as the cost of computing power decreases. Blackstone builds data centers only for technology companies with long-term leases.

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