Blackstone is partnering with Google to launch a U.S.-based AI infrastructure company powered by Google’s TPU chips.

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

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

US tech giant to compete directly with Nvidia with new TPU joint venture