Alphabet Inc.’s Google plans to launch an AI cloud company with Blackstone Inc. to compete with firms including CoreWeave Inc., the Wall Street Journal reported. Blackstone will invest $5 billion and become majority owner. The venture aims to reach 500 megawatts of computing capacity by 2027. Google will provide TPU chips, which compete with processors from Nvidia Corp..

2026-05-19

Alphabet Inc.’s Google plans to launch an AI cloud company with Blackstone Inc. to compete with firms including CoreWeave Inc., the Wall Street Journal reported. Blackstone will invest $5 billion and become majority owner. The venture aims to reach 500 megawatts of computing capacity by 2027. Google will provide TPU chips, which compete with processors from Nvidia Corp..