Blackstone bets big on AI with $1.3T war chest
blackstone is investing heavily in ai infrastructure, including $5b in crux ai and $2.3b loan to coreweave, despite market jitters over ai-buildout debt.
blackstone, with $1.3 trillion in assets under management, is positioning itself at the center of the ai boom by investing in ai infrastructure, including data centers, neoclouds, and frontier ai models. the firm has launched blackstone n1, a san francisco-based central hub for its ai initiatives, led by jas khaira, who relocated from new york to be at the epicenter of ai. blackstone has committed $5 billion to crux ai, a neocloud launched in partnership with google, and provided a $2.3 billion loan to coreweave, a neocloud operator, despite concerns over ai-buildout debt. blackstone's investments aim to address the significant capital needs of the ai boom, with khaira emphasizing the firm's focus on compute financing and flexible capital structures.