TECH NEWS

Blackstone, Google launch new compute-as-a-service venture

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Dive Brief

The TPU cloud offering seeks to increase flexibility for enterprises running AI workloads as cloud infrastructure spend continues to rise.

Published May 19, 2026

Dive Brief:

  • Blackstone and Google launched a new joint venture to provide data center capacity and Google Cloud’s Tensor Processing Units under a compute-as-a-service offering, the two companies said Monday. Benjamin Treynor Sloss, who has spent the last 22 years as an engineering executive at Google, will lead the venture as CEO.
  • The cloud offering aims to give customers greater flexibility for running AI workloads on TPUs, according to the announcement. Blackstone will make an initial commitment of $5 billion in equity capital and expects the first 500 megawatts of capacity to come online in 2027. Google will supply the hardware, including TPUs, software, services and technical expertise.
  • “This joint venture with Blackstone helps meet growing demand for TPUs, which are optimized specifically for...

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