The choice asset supervisor, which has $80 billion price of leased knowledge facilities, stated its technique for the section was grounded in a “very prudent strategy” and touted its partnerships with “a number of the greatest firms on the planet”.
Information facilities present the infrastructure for storing, processing and analyzing huge troves of data which might be essential for coaching and working AI fashions.
Buyers in knowledge facilities, comparable to Blackstone, had been anticipated to be a number of the greatest beneficiaries of the AI increase as growing adoption led to increased demand for such infrastructure.
However the sudden arrival of DeepSeek upended the tech world and sparked a debate over demand, with worries that the emergence of a low-cost choice could sluggish funding in knowledge facilities.
Blackstone’s president and Chief Working Officer Jonathan Gray, in a post-earnings name with analysts, stated the corporate was intently watching developments tied to DeepSeek.
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Nonetheless, he expects decrease prices may but result in a wider adoption of AI, boosting demand for knowledge facilities. “As utilization goes up considerably, there’s nonetheless a significant want for knowledge facilities. We nonetheless assume it is an important section,” Grey stated.
His feedback echo views from analysts at Jefferies earlier this week.
“In truth, we’d be stunned to see hyperscalers sluggish their capex plans because the AI area simply obtained much more aggressive,” they wrote.
DeepSeek’s launch has triggered scrutiny from buyers, who’re anticipated to research tech giants’ AI spending plans intently within the subsequent few weeks.
CEOs of Microsoft and Meta additionally defended large AI spending this week saying it was essential to staying aggressive within the new discipline.
Blackstone shares had been final down practically 4% in afternoon buying and selling.
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