AirTrunk founder Robin Khuda has cemented his billionaire status after clinching the sale of his nine-year-old data centre business to Blackstone in a deal valuing the company at $23.5 billion which highlights the wealth created by the artificial intelligence boom.

The New York-headquartered asset management giant beat a consortium led by industry superannuation fund money manager IFM Investor to buy AirTrunk from Mr Khuda and Macquarie.