Alphabet and Blackstone Launch AI Infrastructure Venture with $5 Billion Data Center Investment
Alphabet Inc. (GOOG) and Blackstone Inc. (BX) announced the formation of an artificial intelligence cloud and data center venture in the U.S., aiming to meet surging demand for compute power driven by generative AI adoption. The initial investment is $5 billion, targeting 500 megawatts of capacity online by 2027 with potential expansion up to $25 billion.
Topics: AI infrastructure cloud computing data centers Google-Blackstone partnership