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Google & Blackstone Forge AI Cloud Venture
19 May
Summary
- Google and Blackstone are launching a new AI cloud company.
- Blackstone plans to invest $5 billion and will hold a majority stake.
- Google will provide specialized AI chips and essential software.
Alphabet's Google and investment giant Blackstone are reportedly joining forces to create a new artificial-intelligence cloud company. This U.S.-based venture is expected to be majority-owned by Blackstone, which plans to contribute $5 billion in equity. The deal is anticipated to be announced imminently.
Google will be a key technology provider, supplying its proprietary hardware, including specialized Tensor Processing Units (TPUs), alongside vital software and services. This strategic move positions Google to capitalize on the escalating demand for AI-driven computing power. Long-time Google executive Benjamin Treynor Sloss is slated to lead the new venture as CEO.
