Blackstone and Google Launch $5 Billion Joint Venture to Offer TPU Compute-as-a-Service
Blackstone has committed $5 billion in equity capital for a joint venture with Google, creating a new U.S.-based company that will offer Google's Tensor Processing Unit (TPU) chips as compute-as-a-service. The partnership aims to provide AI-focused infrastructure separate from Google Cloud and is expected to scale significantly after the initial 2027 launch of its first data center capacity.
Topics: AI Infrastructure Cloud Computing Private Equity Investment