Quartz·1 min read·medium
Blackstone's profits surged 26% as AI bets and record inflows pushed assets to $1.35 trillion
✦AI Summary
Blackstone reported a 26% surge in profits, with assets under management reaching $1.35 trillion. The firm attributed much of its success to strategic investments in AI-linked companies.
Nine of Blackstone's 10 best-appreciating investments are linked to AI, the firm said, as distributable earnings rose to $1.52 a share
businesseconomytechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in