Blackstone defends the investment of a data center of $ 80 billion while Deepseek shakes the market
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Blackstone, the largest investor in the data centers needed to power the flourishing of artificial intelligence, examines so that the low-budget model of the Chinese start-up Deepsek could affect the demand for the area in which the company has invested $ 80 billion.
Growing rental for data centers, in the midst of breakthrough consumption by technological giants, increased their earnings for alternative assets manager, which is the construction of infrastructure for large technological groups such as Amazon, Microsoft and Apcebet.
His earnings in the fourth quarter partly encouraged fees for the implementation of funds invested in data centers and other AI infrastructure.
Black stone In the quarter, he generated $ 2.2 billion in distributing earnings, powerful for cash flows favored by analysts, significantly defeating forecasts.
These results were in charge of $ 1.4 billion in revenue from performance earned mainly from eternal infrastructure and credit funds that possess or borrow money by data centers.
Jonathan Grey’s Blackstone President said some of the biggest customers of the group said their plans were unchanged without Blackstone plans to change what they are currently ambitious investment goals.
“This emphasizes the fact that the costs will be taken down and the adoption is likely to accelerate. It is possible that cases of use for data centers can change,” he said.
Gray noted that Blackstone only builds data centers leased by technological giants rich in cash, minimizing their risks.
“You look at what is happening and that could affect the nature of use, but we are still evaluating it. We talk to people about it and in this moment we still see a lot of need for digital infrastructure and power,” he said. “We still think this is a very favorable place to arrange capital.”
The results of Blackstone are also reinforced with recovery in financial markets and transaction activities. 2024. Blackstone raised $ 171 billion at New Investor Cash and invested $ 134 billion, both amounts nearby.
Gray said that the group is preparing for investment more, because confidence has returned from the pensions and borrowings that have withdrawn in recent years due to higher interest costs.
“A tone of conversation and obligations from [investors] He feels like normalizing. We went through the periods in which the rates rose, the pile of market became dislocated and there were more caution than the institutional community, “Gray said.
In 2022, when interest rates rose rapidly and public markets were killed, many pensions and endowments were excessively intended for property and reducing their investment.
However, Blackstone sees the conditions of mitigation and will start raising money for numerous its large funds as the agreement has picked up.
Gray said that transaction activity increases, which corresponds to the rhetoric of the return of the ghosts of animals among merchants.
“We have all the ingredients for good M&A soup with strong economy, healthy markets of debt and capital and a more favorable regulatory environment,” Gray said. “We are now starting to see how the contract for the contract is being raised and I think it will increase as we move through the year.”
