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(Bloomberg) -- Blackstone Inc. President Jon Gray remains bullish on the role of data centers to power artificial intelligence and daily life.
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Speaking at the Bloomberg Invest conference in New York, Gray acknowledged the effect of DeepSeek, the Chinese company whose efficient models are challenging conventional thinking on how much computing power and infrastructure is needed for artificial intelligence. But he didn’t back down from a positive outlook for related infrastructure.
“I think we’re going to use these bots to help us do so many things in our lives, and so ultimately I think the infrastructure spend against this will be quite significant,” Gray said.
Even if the “cost of compute” is declining and if demand for data centers needed to train AI falls, “our lives are migrating online,” he said.
Blackstone has built a giant bet on data centers. Its investments include data center landlord QTS and AirTrunk in Asia. It also has exposure to CoreWeave, the cloud-computing startup backed by Nvidia Corp.
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