Google and Blackstone to create new $5B AI cloud company
WSJ.COM
'500 megawatts'
SUMMARY

Google and Blackstone are launching a new artificial intelligence cloud computing company that will rely on Google’s specialized Tensor Processing Units.

Blackstone is providing $5 billion in equity capital and will hold majority ownership of the unnamed U.S. venture. The deal is set to be announced later Monday.

The company aims to bring 500 megawatts of computing capacity online by 2027 — enough power to serve a midsize city — and scale substantially beyond that. Google will supply the hardware, including its custom TPUs, along with software and services.

Longtime Google executive Benjamin Treynor Sloss will serve as chief executive.

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