Blackstone Group plans to launch a publicly traded vehicle to acquire AI data centers — Bloomberg

Investing.com - Blackstone Group (NYSE:BX) is launching a publicly traded acquisition company focused on acquiring data centers, providing retail investors with an opportunity to enter the artificial intelligence infrastructure sector.

According to Bloomberg, citing sources familiar with the matter, this alternative investment firm is seeking initial capital from sovereign wealth funds and other institutional investors, with plans to ultimately raise hundreds of billions of dollars from a broader investor base.

This new vehicle combines Blackstone’s effort to become the largest investor in AI infrastructure with its strategy to expand beyond traditional institutional clients like pension funds and endowments to retail investors.

The move puts Blackstone at the center of ongoing discussions about the sustainability of the data center construction boom and the risks for individual investors in this sector. Some investors are concerned that technological changes could render large AI training facilities far from major metropolitan areas obsolete.

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