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…
