Blackstone Announces Joint Venture with Google to Create New TPU Cloud
Blackstone to make initial $5 billion equity commitment to bring 500 MW of capacity online in 2027, with plans to scale significantly over time
Blackstone (NYSE: BX) today announced a joint venture with Google to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud's Tensor Processing Units (TPUs) as a compute-as-a-service offering. The company will give customers another option to access cloud TPUs in addition to using them through Google Cloud.
Google’s TPUs are custom chips purpose-built for AI, and optimized for training and inference of advanced AI models. They have been developed and deployed in production for more than a decade and power workloads for many of the world’s top AI labs, capital market firms, and companies running the most complex high-performance computing applications. TPUs also power Gemini and the AI-driven products Google delivers to billions of users globally.
Blackstone is the world's biggest alternative asset manager, with over $1.3 trillion in assets under management, and the largest global provider of data centers. The joint venture between Blackstone and Google is intended to give customers even more choice and flexibility for running their AI workloads on TPUs.
