Google and Blackstone have announced a joint venture to build a US-based TPU compute-as-a-service business, with $5bn of Blackstone equity, ~$25bn total value, and 500 MW of capacity online by 2027.

Google's TPU stack underwrites deals with Anthropic and Meta. Bloomberg reports that the same success has made internal compute access at Google and DeepMind a contested resource.

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