Robin Khuda, the founder of AirTrunk, has solidified his status as a billionaire following the sale of his nine-year-old data centre business to Blackstone. The deal, which values AirTrunk at an impressive $23.5 billion, underscores the significant wealth generated by the burgeoning artificial intelligence (AI) sector.

Founded in 2014, AirTrunk has rapidly grown into a leading player in the data centre industry, driven by the escalating demand for data storage and processing power spurred by AI advancements. The acquisition by Blackstone, a global investment firm known for its substantial investments in technology and infrastructure, marks a pivotal moment in the company’s history and highlights the lucrative opportunities within the AI-driven digital economy.

Khuda’s success reflects broader trends in the tech sector, where the rise of AI has led to substantial valuations and financial gains for key industry figures. The sale not only elevates Khuda’s personal wealth but also demonstrates the substantial economic impact of AI technology on the global market. As data centres become increasingly critical to supporting AI applications and services, AirTrunk’s substantial valuation serves as a testament to the sector’s growth and the wealth it continues to create.