The AI Infrastructure Supercycle: Why Blackstone and Private Equity Are Pouring Billions Behind Anthropic and the Physical Compute Stack

A narrow corridor inside a modern enterprise data center flanked by tall racks of high-density servers, networking switches, and overhead cable trays.

1. Introduction — The Money Is Following Enterprise AI Enterprise AI infrastructure is rapidly becoming the recipient of massive institutional capital, as the world’s largest asset allocators look beyond software equities to fund the physical chassis of artificial intelligence. For the past three years, the narrative surrounding artificial intelligence has been dominated by the software … Read more