Blackstone CEO on AI data centers: This isn't 'bubble-type work'

Well, I I think what's happening is that we've got rapid expansion. It's it being done principally uh by five or six companies um almost all of them, not all, uh are great credits. Uh and so what we do is quite simple in a way.We're the largest in the world building data centers. Uh and we're the largest owner of data centers. Uh but it's very conservative >> picks and shovels.uh type of business. And what we do is we build these enormous uh facilities and basically Jensen Wong fills them up uh with semis a ...