EQT has struck a deal with Alphabet Inc.‘s (NASDAQ:GOOGL) Google Cloud aimed at speeding up artificial intelligence projects across more than 300 companies held in the buyout firm's portfolio.
The arrangement gives these businesses access to Google Cloud's AI and security tools, including the Gemini Enterprise Agent platform for building AI applications, Reuters reported. Portfolio companies will also receive early access to select upcoming Google Cloud AI products.
EQT said its holdings span areas such as enterprise software and healthcare, and the partnership is designed to help those companies move from AI experimentation to broader rollout.
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Google Cloud's engineers will collaborate with EQT's in-house AI transformation group, which is approximately 35 people. The agreement also opens the door to Google Cloud's partner ecosystem, which Reuters said includes more than 330,000 specialists across firms such as Accenture, Deloitte and KPMG.
