Blackstone Inc. will invest $11 billion in data centres in India to tap into the growing demand for artificial intelligence and cloud computing services, according to Chief Executive Officer Stephen Schwarzman.
"We've made a commitment here in India to put $11 billion into data centres," he told NDTV Profit. "The power of the AI movement will be growing at a very accelerated rate as soon as we let the technology develop, which will happen over the next 10 years. Then we have to build as many data centres as the system can take," he said.
Schwarzman counted the benefits of AI in novel drug development and quality education. "You cannot have artificial intelligence without data centres because that's where the computations and the computer are located. And so if you believe in artificial intelligence, then data centres will expand in terms of scale," he said.
He expects a trillion dollars worth of investment in building more data centres in the US over the next five years, and a trillion dollars outside the country.
Blackstone is the world's largest data centre provider in the world, following the acquisition of AirTrunk — the leading data centre platform in the Asia-Pacific and US and European data centre provider QTS.
The top asset manager launched Lumina CloudInfra, a hyperscale cloud infrastructure and data centre provider based out of Mumbai. It has 600-MW planned data-centre capacity.
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