Blackstone has teamed up with Google Cloud to create a new U.S.-based TPU cloud company. This venture aims to expand access to AI infrastructure and accelerated computing services. With an initial $5 billion equity commitment from Blackstone, they plan to bring 500 MW of data center capacity online by 2027. They also aim to grow significantly over time. The company will offer customers access to Google’s Tensor Processing Units (TPUs) as a compute-as-a-service option. This includes data center operations, networking, and cloud infrastructure. Google’s TPUs, used in Gemini and other advanced AI applications, are designed for training and inference workloads. These are essential for AI labs, enterprises, and high-performance computing environments.
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This partnership combines Blackstone’s strengths in digital infrastructure and energy with Google’s AI hardware and software. Together, they will meet the rising global demand for compute power. “We see a generational opportunity to invest capital at scale building AI infrastructure. This new company has enormous potential as it helps to meet the unprecedented demand for compute,” said Jon Gray, President and COO of Blackstone. Thomas Kurian, CEO of Google Cloud, added, “Together, we’re accelerating AI transformation and providing more options for organizations to access accelerated compute capability.”