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Blackstone Inc. has invested $300 million in DDN, a California-based company specializing in data storage and analytics for artificial intelligence (AI) and high-performance computing (HPC), valuing DDN at $5 billion. This investment marks DDN's first external funding and is aimed at scaling the company's AI infrastructure and HPC solutions. DDN's technology supports high-profile AI projects, including xAI's Colossus supercomputer, and is used by organizations to manage and analyze large data sets for AI model training and deployment.
Blackstone’s $300M AI Bet: What It Means for the Future of Investment in Artificial Intelligence https://t.co/TXErd3Z0mk https://t.co/Jv0O7xL7CD
Blackstone $BX just dropped $300M into DDN, a cutting-edge data firm powering none other than Elon Musk’s xAI supercomputer! 🚀 Here’s the scoop: ✔️ DDN’s tech helps train AI models and manage massive data loads. ✔️ This $300M is their first external funding, valuing the company… https://t.co/RZ4npHGewQ
Blackstone $BX is sinking $300 million into DDN, a California-based operation that helps other firms store and analyze large troves of data. DDN's products are used in a number of high-profile AI projects, including xAI's Colossus supercomputer. $NVDA $GOOG $META $MSFT Over…
