On Monday, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Blackstone Inc. (NYSE:BX) said they are forming a new artificial intelligence cloud and data center venture in the U.S.
Google And Blackstone Launch AI Infrastructure Venture
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In an announcement release, Blackstone said it will initially invest $5 billion in equity to help bring 500 megawatts of data center capacity online by 2027, with plans for future expansion.
The total investment value could eventually reach $25 billion, including leverage, the Wall Street Journal reported, citing people familiar with the matter.
