Alphabet and Blackstone are launching a multibillion-dollar AI infrastructure venture to meet soaring demand for AI computing power.

May 18 : 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…

Blackstone Announces Joint Venture with Google to Create New TPU Cloud

"The small fry are getting squeezed out," wrote one equities portfolio manager.