AI race is slowly becomes a demanding tool. Look what happens: A 16 billion purchase of AirTrunk. And who did this?

Long story short: Blackstone.

This transaction, announced on September 5, 2024, marks Blackstone’s largest investment in the Asia Pacific region and stands as the biggest leveraged buyout globally this year.

AirTrunk, founded in Sydney in 2015, has rapidly grown to become the largest data centre group in Asia Pacific, boasting 11 sites across Australia, Japan, Malaysia, Hong Kong, and Singapore. The company’s value surged during the sales process, driven by the increasing adoption of artificial intelligence, which demands ever-greater data centre capacity.

Blackstone’s president, Jon Gray, emphasized the strategic importance of this acquisition, stating, “AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.”

AI race continues, thus we gonna see more and more investments, especially in data centers

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