Blackstone's Gray says data centers still an attractive investment
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Blackstone's President, Jon Gray, stated that data centers remain an attractive investment despite heavy investment in AI hardware. Speaking at a Goldman Sachs conference, Gray highlighted the need for vast computing capacity for AI development. Blackstone, which took QTS private for $10 billion in 2021, has seen its lease capacity grow 12-fold. Gray emphasized that Blackstone secures long-term leases before investing in new sites, ensuring stability and profitability.
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