Blackstone is betting billions on AI-driven data center demand, even as its flagship real estate fund sells off other assets to help pay investor withdrawals.
The brokerage will draw on the tech giant's Azure OpenAI Service, Microsoft Technology Centers and Copilot for Microsoft 365 platforms.
The credit facility adds to $1.8B in debt the company tapped earlier this year.
AI won't save San Francisco's vacant downtown office market completely, but it might help.
OpenAI may start making its own chips and building the data centers to put them in.
The world sits on the cusp of an AI boom, and the integration of AI/machine learning in commercial real estate data is widely recognized as game-changing.
The biggest stories of 2023 in commercial real estate.
The NRF's Big Show was laser-focused on artificial intelligence as U.S. retailers came out backing stores, personalization and digital technology.
Big Tech hyperscalers said on earnings calls they are cranking up data center capital expenditures to meet artificial intelligence-driven demand.
This biggest deals in the Bay Area this week.
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