DeepSeek, Blackstone and data center
Blackstone holds firm on data center investments despite DeepSeek turmoil
Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI.
New York, Blackstone
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The firm is sticking with the strategy, which includes backing data centers, after it drove near-record earnings.
Citi analyst Christopher Allen raised the firm’s price target on Blackstone (BX) to $190 from $170 and keeps a Neutral rating on the shares.
Net income for the quarter totaled $1.3 billion, or $0.92 per share, in a 1,120% increase from $109 million a year earlier.
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Blackstone Inc. secured US$630m from a fundraising effort targeting wealthy Canadian investors, increasing assets in its ...
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