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Blackstone and Google launch $5B AI cloud venture using Google's TPU chips

Market News
19 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

Blackstone and Google have formed a joint venture to create a US-based company providing cloud infrastructure focused on Google's Tensor Processing Units (TPUs) for AI workloads. Blackstone will invest $5 billion initially, with plans to bring 500 megawatts of capacity online by 2027 and expand as AI demand grows. The venture offers an alternative way to access Google's AI-optimized chips outside Google Cloud, led by a senior Google executive. This move aims to meet rising demand for AI infrastructure and enhance compute services for large-scale AI models.

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