Blackstone to invest $5 billion in AI infrastructure venture with Google, powered by TPU chips
Blackstone is set to invest $5 billion in a new AI infrastructure venture in partnership with Google. The venture will utilize Google's tensor processing units to provide significant compute capacity by 2027. This collaboration aims to address the growing demand for AI computing resources.
- ▪Blackstone will invest $5 billion in equity capital for the new AI infrastructure company.
- ▪Google will supply tensor processing units for the venture, with plans to scale capacity significantly over time.
- ▪The new company will be led by Benjamin Treynor Sloss, formerly Google's chief programs officer.
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Blackstone, the world's largest private owner of data centers, will invest $5 billion in equity capital in a new artificial intelligence infrastructure company with Google, the New York-based asset management firm announced Monday.Google will supply the new U.S.-based company with its tensor processing units — chips purpose-built for processing artificial intelligence computations — bringing the first 500 megawatts of compute capacity online by 2027, with "plans to scale significantly over time," Blackstone said in a statement."This new company has enormous potential as it helps to meet the unprecedented demand for compute," Jon Gray, President and COO of Blackstone, said in the statement.
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