By Isla Binnie

NEW YORK, Dec 10 (Reuters) – Blackstone, the world’s largest alternative asset manager, still sees good opportunities ‍to invest in data centers despite a rush of investment into the hardware supporting the development of artificial intelligence, its president said on Wednesday.

Technology companies need vast computing capacity ‌to develop AI, and financial ‌investors are joining them in pouring money into the physical sites for processors and other hardware. Researchers at consulting firm McKinsey estimate the buildout could cost $6.7 trillion worldwide by 2030.

“Surprisingly, despite the capital that has moved ‍there, because of the constraints of power it’s still an attractive place to deploy capital,” Blackstone president ‍and Chief Operating Officer Jon Gray said at

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