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Blackstone and Google Launch $5 Billion AI Chip Cloud Venture

ai-technology · 2026-05-19

Blackstone is investing $5 billion in a new cloud initiative focused on AI chips in collaboration with Google. This American firm plans to provide access to Google's Tensor Processing Unit chips through a compute-as-a-service model, aiming for a capacity of 500 MW by the year 2027.

Key facts

  • Blackstone is investing $5 billion in a new AI chip cloud venture.
  • The venture is with Google.
  • The company will sell access to Google's Tensor Processing Unit chips.
  • It is a compute-as-a-service offering.
  • The target capacity is 500 MW by 2027.
  • The company is based in the U.S.

Entities

Institutions

  • Blackstone
  • Google

Locations

  • United States

Sources