10 AI News You Should Not Miss

5. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 50

Blackstone Inc. (NYSE:BX) is an alternative asset management firm specializing in private equity, real estate, hedge funds, credit, and multi-asset strategies and has significant investments toward AI development.

On January 24, Blackstone (NYSE:BX) announced that it agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia. The move supports the growing energy needs of data centers and AI, with Northern Virginia hosting about 25% of U.S. data center capacity.

Potomac is located near over 130 data centers and is recognized for its efficiency and potential to incorporate hydrogen fuel in the future. Blackstone highlighted the plant’s role in meeting increasing power demand and emphasized its importance for reliable, high-quality energy infrastructure. Financial details of the transaction were not disclosed.