Blackstone’s Schwarzman Says Willing to Invest More as AI Grows

Steve Schwarzman said Blackstone Inc.is happy to plow more money into its investments related to the growth of artificial intelligence as firms grapple to provide the necessary power to supply the swelling data centers.

Blackstone has deployed cash aggressively in Australia in recent years, making its biggest-ever investment in the Asia-Pacific in September by acquiring data-center operator AirTrunk in a deal valuing the firm at about A$24 billion ($14.9 billion).

“We’re totally happy to invest even more to accelerate AirTrunk’s growth,” he said via a video link at the Australian Financial Review Business Summit in Sydney on Tuesday. “We ...