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From bits to atoms: AI is shifting tech’s center of gravity

For the last two decades, investors favored “bits” businesses — software, apps, and online platforms. The logic was simple: software scales cheaply, distributes instantly, and can generate huge margins once built. By contrast, “atoms” businesses, involving physical assets like factories, logistics, or energy, were seen as slower, capital-intensive and less…

Blackstone’s Data Center Bets Are Powering the PE Investing Giant

Data center investments have become the engine of Blackstone’s growth.The Wall Street investment giant reported that QTS, the data center developer and operator it took private in 2021, was the single largest driver of gains in the company’s $1.3 trillion portfolio in 2025. The results were a clear sign that…