Blackstone’s AI Surge Powers Earnings | Business and Finance News

Blackstone’s Q2 earnings soared with a 26% jump in distributable earnings to nearly $2 billion, fueled by strong fee income and net realizations — all while raking in $70 billion in new assets, pushing AUM to $1.35 trillion. Despite minor client shifts in one credit fund, the firm’s AI-driven strategy is the real game-changer: nine of its top ten assets tied to AI, and they’re doubling down with a Google partnership and massive data center expansion — proving the market’s focus on minor setbacks misses the bigger, brighter picture. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1072146ff3223f80