Blackstone’s Schwarzman Says Willing to Invest More as AI Grows

Steve Schwarzman speaks at conference in Sydney on Tuesday
Happy to invest more to accelerate AirTrunk’s growth, CEO says

Steve SchwarzmanPhotographer: Chris Ratcliffe/Bloomberg

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By Harry Brumpton

March 3, 2025 at 11:09 PM UTC

This article is for subscribers only.

Steve Schwarzman said Blackstone Inc. is happy to plow more money into its investments related to the growth of artificial intelligence as firms grapple to provide the necessary power to supply the swelling data centers.

Blackstone has deployed cash aggressively in Australia in recent years, making its biggest-ever investment in the Asia-Pacific in September by acquiring data-center operator AirTrunk in a deal valuing the firm at about A$24 billion ($14.9 billion).