Blackstone’s AirTrunk Targets India for Its Next Data Center

AirTrunk, the Australian data-center operator bought by Blackstone Inc. last year for A$24 billion ($16 billion), will build its next facility in India to help meet overwhelming demand in the sector, said founder and Chief Executive Officer Robin Khuda.

Investors are pouring billions of dollars into artificial intelligence services like OpenAI’s ChatGPT, and the data centers required to power them. AirTrunk in August closed a A$16 billion refinancing to build or keep operating data centers in Australia, Hong Kong, Malaysia and Singapore.