Blackstone holds firm on data center investments despite DeepSeek turmoil
Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers, said its strategy for the segment was grounded in a "very prudent approach" and touted its partnerships with "some of the biggest companies in the world". Data centers provide the infrastructure for storing, processing and analyzing vast troves of information that are crucial for training and running AI models.
WS News
2025-02-01
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