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