Google and Blackstone Partner for 5 Billion Dollar Artificial Intelligence Cloud Venture

Key facts

• Google and Blackstone have announced a new United States-based Artificial Intelligence (AI) cloud venture to provide access to Google’s custom Tensor Processing Units (TPUs).
• Blackstone will initially invest $5 billion in the project, which aims to bring 500 megawatts of data centre capacity online by 2027.
• The venture will offer compute-as-a-service, allowing businesses to rent AI computing power using TPUs instead of Graphics Processing Units (GPUs).
• Google executive Benjamin Treynor Sloss has been appointed to lead the new venture as the Chief Executive Officer (CEO).
• Alphabet, the parent company of Google, has increased its 2026 spending plans for AI infrastructure to a range between $180 billion and $190 billion.