Tag: blackstone
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Blackstone beats profit estimates on AI gains as assets hit $1.35 trillion
July 23 : Blackstone’s second-quarter income rose to beat market expectations on Thursday, as the world’s largest alternative asset manager benefited from growing assets under management and reaping profits from a mammoth bet on artificial intelligence.The New York-based company said inflows in the quarter pu
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Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
July 23 : Blackstone, the world’s largest alternative asset manager, reported rising income for the second quarter on Thursday, buoyed by growing assets under management and reaping profit from a mammoth bet on artificial intelligence. The New York-based company said inflows in the quarter pushed total asset
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Blackstone invests in South Korean robotics supplier Futronic
July 20 : Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world’s largest alternative asset manager said on Monday. The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with k
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Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports
June 23 : Blackstone is planning to invest $30 billion in Japan’s AI data centers over the next three to five years, its president and chief operating officer Jonathan Gray told Nikkei in a recent interview, the business daily reported on Tuesday.The world’s largest alternative asset manager is in discussions
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