What is Blackstone's role in Firmus Technologies' data center expansion?

Blackstone Inc. is reportedly finalizing a loan exceeding A$5 billion ($3.5 billion) to fund Firmus Technologies Pty.'s data center expansion, aimed at supporting AI growth.

What is the projected investment in AI data centers?

Investment in data centers to support AI growth is projected to exceed $3 trillion globally, with a significant portion expected to be funded by debt.

What caused the recent $285 billion stock market selloff?

A recent AI automation tool released by Anthropic PBC is cited as the cause for a $285 billion stock market selloff affecting software, financial services, and asset management sectors.

Home / Business and Economy / Blackstone Fuels AI Data Centers With $3.5 Billion Loan

Blackstone Fuels AI Data Centers With $3.5 Billion Loan

6 Feb

•

Summary

Blackstone Inc. is finalizing a $3.5 billion loan for Firmus Technologies' AI data center expansion.
AI infrastructure investment is projected to exceed $3 trillion globally, largely debt-funded.
A recent AI tool release caused a $285 billion stock market selloff across software and finance sectors.

Blackstone Fuels AI Data Centers With $3.5 Billion Loan

Blackstone Inc. is reportedly finalizing a substantial loan exceeding A$5 billion ($3.5 billion) to support the data center expansion of Australian startup Firmus Technologies Pty. This move signifies continued investment in digital infrastructure, particularly for AI growth, despite recent market turbulence.

The financing deal, expected to be announced soon, arrives as the technology sector experiences a selloff driven by concerns over escalating AI-related expenditures. Investment in data centers to support AI is projected to surpass $3 trillion, with debt financing playing a crucial role.

Firmus Technologies has a strategic agreement to develop up to 1.6 gigawatts of data centers across Australia by 2028, powered by Nvidia Corp. chips. This development follows a recent A$830 million raised in previous funding rounds.