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Market Chatter: Blackstone to Reorganize Growth Business Into New AI-Focused Unit

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Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported Wednesday, citing an internal company note.

The new Blackstone N1 unit will oversee the company's technology investments for its BXPE private equity fund, as well as its growth and Tactical Opportunities businesses, according to the report.

Blackstone did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $118.79, Change: $-2.73, Percent Change: -2.25%

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