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Google and Blackstone Plan AI Cloud Company with $5 Billion Investment, Targeting 500MW Capacity by 2027

GateNews

AI Industry News

2026-05-19 00:43:02

According to reports, Google and Blackstone plan to establish an artificial intelligence cloud computing company on May 19, with Blackstone providing $5 billion in equity capital and becoming the majority shareholder. Google will provide hardware including its TPU custom chips, along with software and services.

The new company targets 500 megawatts of computing capacity by 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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