The alternative asset giant is launching a $25B Pennsylvania expansion, combining AI data centers with on-site energy generation as retirement funds eye broader private market access.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: BLACKSTONE
Blackstone pours $25B for AI data center, gas power in Pennsylvania
The New York-based alternative asset giant is set to invest $25 billion in a large-scale infrastructure push across the Keystone State focused on developing co-located data hubs and natural gas energy plants. Read the full story
Trump exec order to open PE investments to 401(k)
Private market funds will be accessible to the $12.4 trillion defined-contribution retirement market. Read here
PHOTO: TOWFIQU BARBHUIYA
AI startups see funding surge as VC funds struggle
The continued AI boom caused a 75.6% financing surge among tech ventures in the first half of 2025. Read here
PHOTO: FREEPIK
IonQ completes acquisition of space tech firm Capella
The Maryland-based commercial quantum computing and networking company has purchased the provider of synthetic aperture radar and satellite solutions to enable quantum-secure global communications. Read here
