Google and Blackstone unveil AI cloud venture with $5 billion first phase investment
Alphabet’s Google and Blackstone said on Monday that they will form an artificial intelligence cloud business venture aimed at capitalising on an insatiable demand for AI computing services.
Blackstone, the world’s largest alternative asset manager, will invest an initial $5 billion in equity to help bring 500 megawatts of data centre capacity online in 2027, with further expansion planned over time.
