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Blackstone Commits $5B to Google AI Infrastructure Venture

Blackstone will invest $5 billion in equity capital in a new artificial intelligence infrastructure company with Google, the New York-based asset management firm announced Monday. The joint venture will deploy Google's tensor processing units—specialized chips designed for artificial intelligence computations—to bring 500 megawatts of compute capacity online by 2027, with plans for significant expansion afterward. Benjamin Treynor Sloss, formerly Google's chief programs officer, will lead the unnamed company. Blackstone, the world's largest private data center owner, strengthens its position in the expanding artificial intelligence sector through the partnership.