Google, operating under its parent company Alphabet, along with Blackstone, are set to establish a new enterprise specializing in AI cloud computing. This venture will leverage Google's state-of-the-art, purpose-built chips. Blackstone is poised to inject $5 billion into the project, securing its position as the majority stakeholder in the newly formed company. In return, Google will contribute essential hardware, software, and services, notably including its TPU (Tensor Processing Unit) dedicated chips. The ambitious goal for the new company is to attain a computing capacity of 500 megawatts by 2027, with provisions for substantial expansions in the years to come.
