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🎬 Leaning Into AI Is Paying Off, Blackstone's Gray Says
Blackstone Inc. reported a 26% jump in distributable earnings for the second quarter, buoyed by artificial intelligence-related investments. Blackstone President & COO Jon Gray says the "strategic decision to lean into AI, its infrastructure and compute shortage" is making a big difference for investors. He speaks with Bloomberg's Dani Burger on Bloomberg Open Interest.
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➤ Blackstone reported a 26% increase in distributable earnings, attributing significant growth to strategic investments in AI infrastructure, including data centers and compute resources.
➤ CEO Jon Gray believes Blackstone is undervalued and should trade at higher multiples, similar to tech companies, due to its AI-driven growth and strong performance, despite operating with a diversified business model.
➤ The firm is actively expanding its AI-related investments through partnerships and acquisitions, while also managing traditional assets and seeing a bifurcation in market liquidity between AI-affected and unaffected businesses.

#Blackstone #AI #Data Centers #Private Equity #Investment

Read more at: https://rwatimes.io/videos/gGTHKdsYlf8?utm_source=binance_square

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