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The duo said they plan to launch the unnamed U.S. company with $5b in equity capital from Blackstone. The venture, the biggest attempt yet by Google to sell and monetize its own chips to external parties, will sharpen a rivalry with Nvidia, the market leader in AI computing. The new company aims in 2027 to bring 500 megawatts of capacity online, roughly the same amount of electric power required to serve a midsize city, and substantially increase capacity over time.
Blackstone recently launched a new unit called Blackstone N1, or BXN1, to centralize the firm’s AI bets and named Jas Khaira, who spearheaded its CoreWeave investment, as the unit’s global head. The venture with Google is BXN1’s second investment after a $1.5 billion joint venture with Anthropic and other firms unveiled earlier this month to sell AI tools to companies.
https://www.wsj.com/tech/ai/google-and-blackstone-to-create-new-ai-cloud-company-0e35b91f
