U.S.-based investment manager Blackstone plans to invest $30 billion in AI data centers in Japan over the next three to five years, with President and Chief Operating Officer Jonathan Gray saying in an interview that the company was planning to develop facilities that would surpass 1 gigawatt, according to a Nikkei Asia report on Wednesday.
Gray told the news agency that although AI investments at present were at a nascent stage, the risk of not constructing enough computing resources far exceeded concerns about an AI bubble.
Blackstone also plans to increase its private equity investments in Japan. The country is expected to become as significant as India in the investment manager's strategy for its recently launched, largest-to-date $13.1 billion Asia-focused fund, the report cited Gray.
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