Blackstone is investing $5 billion in equity to form a new AI cloud company with Google Cloud, focusing on TPU chip technology and aiming for 500 megawatts of capacity by 2027. Blackstone will hold majority ownership, with a Google infrastructure veteran as CEO. This move challenges CoreWeave's dominance in the GPU-cloud market and expands Google's commercial TPU offerings. The venture's capacity ramp in 2027 will be a key milestone to watch.
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
Williams Companies secured a $5.34 billion investment from Blackstone for AI-driven Power Innovation projects, reducing its capital needs while retaining 51% ownership. CIBC adjusted its price target to $83, suggesting potential stock price upside fr...
Blackstone Inc. is viewed as a high-quality asset manager trading at a discounted valuation with a 3.8% dividend yield. The company benefits from favorable industry trends like rising inflation, global wealth growth, demographic changes, and AI infra...
