Blackstone quarterly profits surge after AI investments

AI Summary Blackstone saw higher earnings than were expected on Wall Street in the second quarter, as gains from its AI holdings and record client inflows lifted the company’s assets under management to about $1.35 trillion. Blackstone says nine of its ten best-appreciating positions are tied to AI. Quarterly earnings beat consensus by wide margin The firm’s... fulltext: 364 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/blackstone-q2-profit-climbs-ai-bets/ Source: CryptoPolitan