SAN FRANCISCO, 19 May 2026 – Google and Blackstone are forming a new artificial intelligence cloud venture backed by an initial US$5 billion in equity, intensifying the global race to secure computing capacity for AI models, enterprise workloads and next-generation digital infrastructure.
The US-based venture will combine Blackstone’s capital and data-centre investment capabilities with Google’s custom Tensor Processing Units, or TPUs, under a compute-as-a-service model. The total investment value could reach about US$25 billion including leverage, while the company aims to bring 500 megawatts of data-centre capacity online by 2027.
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