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Google and Blackstone plan US$5 billion AI cloud venture

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Google and Blackstone plan to create a US-based AI cloud venture that will provide access to data centre capacity and Google’s custom AI chips.

Blackstone will make an initial equity investment of US$5 billion to support the venture. The firm will be the majority owner of the new business. The companies said the investment will help bring 500 megawatts of data centre capacity online in 2027, with further expansion planned.

The venture will offer compute capacity through a compute-as-a-service model. It will include access to Google’s Tensor Processing Units, or TPUs. The custom chips are designed to develop and run AI models.

Bloomberg News reported that the total investment value could reach US$25 billion, including leverage. Google and Blackstone did not immediately respond to requests for comment on the report.

Blackstone has named Benjamin Treynor Sloss, a long-time Google executive, as chief executive of the new venture.

TPUs shape the...

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