Blackstone reassured investors that their substantial investments in data centers, valued at $80 billion, are secure despite concerns about low-cost AI models from China's DeepSeek. The firm emphasized the essential role of physical infrastructure for AI operations, stating their strategy is prudent and bolstered by partnerships with major companies. Although DeepSeek's arrival raised questions about demand for data centers, Blackstone's leadership believes that increased AI adoption will actually drive higher need for these facilities, ensuring a continued investment in data center infrastructure.
As usage goes up significantly, there's still a vital need for data centers. We still think it's a very important segment.
We would be surprised to see hyperscalers slow their capex plans as the AI space just got even more competitive.
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