Overview
- Google and Blackstone announced Monday a U.S.-based joint venture that will sell access to Google’s Tensor Processing Units as compute-as-a-service.
- Blackstone will invest an initial $5 billion in equity and will hold a majority stake in the new company.
- The plan targets 500 megawatts of data center capacity online by 2027, and reports say total investment could reach about $25 billion including leverage.
- The platform will run on Google’s custom AI chips, called TPUs, which are built for training and running large models.
- The companies position the service as an alternative to neocloud providers built on Nvidia GPUs, a move that meets surging AI demand yet still faces power and data center supply constraints.