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Blackstone, the largest investor in the data centers needed to operate the mutation of artificial intelligence, examines how the low -cost Chinese Deepseek model will affect the demand for an area where the company has invested $ 80 billion.
The high rents for data centers, amid spending, dismantling technology giants, increased profits for the manager of alternative assets, which builds the infrastructure of large technological groups such as Amazon, Microsoft and Alphabet.
Its profits in the fourth quarter were partially paid through performance fees on the money invested intensively in data centers and other Amnesty International's infrastructure.
Blackstone She produced $ 2.2 billion of distributionable profits in the quarter, an agent of cash flows preferred by analysts, and greatly overcomed predictions.
These results were prepared by $ 1.4 billion in the mostly obtained performance revenue from the permanent infrastructure and credit boxes that own or lend money to data centers.
Blackstone President Jonathan Gray said that some of the group's largest customers have told their plans that had not changed, and that Blackston had no plans to change the currently ambitious investment goals.
“This highlights the fact that the account costs will decrease, and adoption may be accelerated. Data centers use can change.
Gray noted that Blackstone only builds databases rented for money -rich technology giants, which reduces its risks.
“You look at what is going on, and it may have an impact on the nature of use, but we are still evaluating it. We are talking to people on this topic, and at this stage, we still see a lot of need for digital infrastructure and power.” “We still think this is a very favorable place to spread the capital.”
Blackstone results were also strengthened by recovery in financial markets and transactions activity. In 2024, BlackStone raised $ 171 billion from the new investor CASH and invested 134 billion dollars, both of them are near.
Gray said that the group is preparing to invest more, as confidence has returned from pensions and pensions that have been reduced in recent years due to the high interest costs.
“The tone of talks and obligations from (investors) seems to be normalized. Gray said:” We have passed a period when prices rose, and a group of markets became dislocated, and there was more caution from the institutional society. “
In 2022, when interest rates increased sharply and public markets decreased, many pensions were found and the same on the unlikely assets and reduced their investments.
But Blackston sees the conditions that reduce and will start collecting money for a number of her large money with the conclusion of the deals.
Gray said that the activity of transactions was rising, as it matches the speech about the return of animal lives among the makers of deals.
“We have all the ingredients for a good integration and purchase soup with a strong economy, health debts, stock markets and a more suitable regulatory environment,” Gray said. “We have now started to see the deal pipeline picking up and I think it will increase as we move during the year.”
