Key facts
- Blackstone plans to invest $30 billion in AI data centers in Japan.
- The investment will occur over the next three to five years.
- Blackstone President and COO Jonathan Gray cited the risk of insufficient computing resources as a greater concern than an AI bubble.
- Gray indicated that Japan is becoming as important a private equity market as India for Blackstone.
Blackstone intends to invest $30 billion in artificial intelligence data centers in Japan over the next three to five years, according to Jonathan Gray, the firm's President and Chief Operating Officer. Gray expressed that the potential risk of not developing adequate computing resources is a more significant concern than the possibility of an AI bubble. In a recent interview, Gray also noted that Japan is emerging as a private equity market of similar importance to India for Blackstone. The broader infrastructure sector is experiencing a boom, with significant capital being allocated towards data centers and renewable energy projects.