Blackstone CEO: AI, Data Centers, Power Grids Drive New Growth Cycle, Markets Shrug Off Geopolitics

• Blackstone CEO Stephen Schwarzman states financial markets are overlooking geopolitical issues, focusing instead on AI, data center expansion, and electricity infrastructure.
• Schwarzman highlights the US economy's unusual 4.3% growth, largely fueled by hyperscalers investing heavily in data centers and AI capabilities.
• The surge in data center construction is creating a massive demand for electricity, reversing two decades of stagnant power demand in the US.
• The electric grid will require significant investment, with projected annual growth of 5-6% and a minimum 50% expansion.
• Blackstone is strategically positioned as the largest builder and owner of data centers globally, and a major investor in electricity infrastructure, benefiting from these trends.

Why It Matters: Markets prioritize AI-driven growth, data center boom, and power grid expansion over geopolitical noise, says Blackstone CEO.