Blackstone Accelerates Push to Lead AI Infrastructure Boom

Alternative asset manager Blackstone is considering a $2 billion initial public offering (IPO) for an acquisition company that would buy data centers, Bloomberg reported Friday (April 10), citing unnamed sources.

Blackstone filed paperwork confidentially with U.S. regulators earlier this year and could begin formal marketing of the offering as soon as this month, according to the report.

The offering has not been finalized, and its timing and structure could change, per the report.

Blackstone did not immediately reply to PYMNTS’ request for comment.

According to the report, Blackstone has invested tens of billions of dollars in data centers and related infrastructure. The firm aims to become the world’s biggest investor in AI infrastructure, and this offering would enable shareholders to bet on the AI boom.

It was reported April 1 that as the demand for AI services continues to surge, companies are facing a shortage of data center space that is restraining their business.

When Microsoft paused some development of data centers in spring 2025, the company was surprised to see the demand for AI services race past its ability to provide them.

Other companies such as Meta, Google and Amazon recently said they plan to spend tens of billions of dollars more this year than they expected to meet the demand for AI.

PYMNTS reported March 24 that AI companies are now managing consumer demand by rationing via usage limits.

Amazon CEO Andy Jassy said in a 2025 letter to shareholders posted Thursday (April 9) that Amazon Web Services (AWS) is leaving revenue on the table due to power shortages.

Even though AWS added 3.9 gigawatts of new power capacity last year, “we still have capacity constraints that yield unserved demand,” Jassy said in the letter.

It was reported in October 2025 that Blackstone President and Chief Operating Officer Jonathan Gray said that investors are discounting the potential of AI to render whole industries obsolete and that understanding these risks has become key for Blackstone when considering investments.

“We’ve told our credit and equity teams: Address AI on the first pages of your investment memos,” Gray said at the Financial Times’ Private Capital Summit in London.