Blackstone's Schwarzman: a 2015 bus chat with Jack Ma sparked its $200B AI buildout
SunAdvanced7940 · reddit · 2026-10-23
Blackstone co-founder Steve Schwarzman recalled on Bloomberg TV that a chance 2015 bus encounter with Jack Ma in China — where Ma told him AI "would be the most consequential technological change" — reshaped the $1.3 trillion alternative asset giant.
Blackstone now invests in AI across every division: it oversees a $200 billion data-center empire, is building a cloud venture with Google, holds stakes in labs like OpenAI, lends against Broadcom and Nvidia chips, and is committing capital to power plants and data-center cooling.
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