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Blackstone and Google logos representing the $5 billion joint venture to build a new TPU-powered AI cloud company in the United States

Blackstone Commits $5 Billion to New Google TPU Cloud

Blackstone has pledged $5 billion in equity for a majority stake in a new US-based AI cloud company with Google, which will sell access to Google’s Tensor Processing Units outside the Google Cloud Platform. The venture targets 500 MW of capacity by 2027 and signals a sharper challenge to Nvidia’s grip on the AI chip market.

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