Google and Blackstone team up on $5B AI cloud and chip infrastructure company

Minds, Bodies, and Terawatts · May 20, 2026 · 3m · transcript

Google and Blackstone are partnering to create a $5 billion AI cloud and chip infrastructure company, signaling a new phase of AI infrastructure expansion and putting pressure on smaller AI companies. The joint venture will focus on AI cloud infrastructure and a chip push, with Blackstone committing $5 billion in equity. This partnership is expected to dominate the next layer of AI compute, reshaping the competitive landscape for other players.

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