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Blackstone’s AI bets fuel profit surge, record assets

Alternative asset giant posts strong inflows as data center investments drive gains
Blackstone’s headquarters is at 345 Park Ave. in New York. (CoStar)
Blackstone’s headquarters is at 345 Park Ave. in New York. (CoStar)
CoStar News
July 23, 2026 | 3:38 P.M.

Blackstone's second-quarter profit surged and assets under management reached another record, fueled by the firm's bets on data centers and other artificial intelligence-related infrastructure that's generating investor enthusiasm.

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