Blackstone: profit from AI investments surged
Blackstone reported a 26% increase in distributable earnings in the second quarter, reaching $1.98 billion, driven by investments in AI. The profit growth was attributed to investments in AI infrastructure across the country, which positively impacted all major business segments.
Blackstone, the world's largest alternative investment manager, reported a 26% increase in distributable earnings for the second quarter, to $1.98 billion, driven by investments in artificial intelligence. Earnings grew due to investments in AI infrastructure across the country, which positively impacted all major business lines, including private equity, private credit, and real estate.
Source: 36Kr —
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