Blackstone Group announced that its distributable income increased sharply by 26% in the second quarter, driven by asset exit returns and profits from artificial intelligence-related investments. The New York-based company issued a statement on Thursday saying that in the three months up to June, profits available for shareholder distribution increased to 1.97 billion US dollars, exceeding analysts' expectations of 1.66 billion US dollars; equivalent to earnings per share of 1.52 US dollars, higher than the average estimate of 1.33 US dollars given by Bloomberg research analysts. Blackstone President Jon Gray said in an interview that betting on artificial intelligence continues to drive the Group's performance. Nine of the Group's top ten value-added investment targets include the layout of data centers, energy and power, and large-scale model tracks. Gray revealed that the group sold data center assets to digital real estate trusts for $3.5 billion last month. This deal brought the real estate business segment's revenue to a four-year high.

Blackstone Group announced that its distributable income increased sharply by 26% in the second quarter, driven by asset exit returns and profits from artificial intelligence-related investments. The New York-based company issued a statement on Thursday saying that in the three months up to June, profits available for shareholder distribution increased to 1.97 billion US dollars, exceeding analysts' expectations of 1.66 billion US dollars; equivalent to earnings per share of 1.52 US dollars, higher than the average estimate of 1.33 US dollars given by Bloomberg research analysts. Blackstone President Jon Gray said in an interview that betting on artificial intelligence continues to drive the Group's performance. Nine of the Group's top ten value-added investment targets include the layout of data centers, energy and power, and large-scale model tracks. Gray revealed that the group sold data center assets to digital real estate trusts for $3.5 billion last month. This deal brought the real estate business segment's revenue to a four-year high.