Blackstone plans $30B for Japan AI data centres, and is unbothered by bubble talk
Blackstone plans to invest roughly $30 billion in artificial-intelligence data centres in Japan over the next three to five years, the firm’s president and chief operating officer, Jonathan Gray, told Nikkei in an interview published on Monday.
The world’s largest alternative asset manager is in discussions to develop facilities with a combined capacity exceeding one gigawatt, a scale that would place its Japanese ambitions among the larger national buildouts anywhere.
Gray framed the commitment as a bet on demand rather than a gamble on froth.
Asked about the warnings that AI infrastructure spending has run ahead of the revenue meant to justify it, he argued that the risk of building too little computing capacity outweighs the risk of building too much.
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