Blackstone’s Gray Sounds Bullish Call on Data Center Spending

Jon Gray speaks during the Bloomberg Invest event in New York, on March 4.

Photographer: Michael Nagle/Bloomberg
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Blackstone Inc. President Jon Gray remains bullish on the role of data centers to power artificial intelligence and daily life.

Speaking at the Bloomberg Invest conference in New York, Gray acknowledged the effect of DeepSeek, the Chinese company whose efficient models are challenging conventional thinking on how much computing power and infrastructure is needed for artificial intelligence. But he didn’t back down from a positive outlook for related infrastructure.