Blackstone Invests $300M in AI Data Firm DDN
Blackstone is investing $300 million in DDN, valuing the AI data company at $5 billion.
DDN, founded in 1998, specializes in managing and analyzing large-scale data for AI training and deployment.
The investment will help DDN expand its business-customer base and scale AI infrastructure.
DDN powers major projects like xAI's Colossus supercomputer with 200,000 Nvidia AI chips.
Blackstone continues betting on AI by investing in data centers and AI-supporting companies.
