Blackstone: profits from AI investments surge
Blackstone reported a 26% increase in distributable earnings for the second quarter, reaching $1.98 billion, driven by investments in artificial intelligence. The profit growth was fueled by AI infrastructure investments across the country, positively impacting all major business segments.
Blackstone, the world's largest alternative investment management firm, reported a 26% increase in distributable profit in the second quarter to $1.98 billion, driven by investments in artificial intelligence. Profit 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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