Blackstone and Google Announce a $5 Billion Joint Venture in AI Cloud Infrastructure

Private equity firm Blackstone (BX) has partnered with Alphabet Inc. (GOOGL) on a $5 billion joint venture to build an AI cloud platform, aiming to reshape the competitive landscape of the AI infrastructure market by leveraging institutional capital and scale.

By Jeffrey Neal Johnson, MarketBeat Wed, May 20, 2026 at 9:20 PM GMT+3 6 min read · Yahoo Finance · May 20, 2026, 18:20 UTC

Tickers: $BX $GOOGL

Topics: AI Cloud Computing Market Consolidation Private Equity

Read the full article at Yahoo Finance

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