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. The U.S.-based venture will provide data centre capacity along with Google’s custom AI ​chips, known as Tensor Processing Units, or TPUs, through a compute-as-a-service model.

Full report : Google, Blackstone team up on AI and cloud infrastructure with $5 billion initial investment.