Blackstone and Google form AI infrastructure joint venture focused on TPU cloud expansion

Blackstone Inc (NYSE:BX) and Alphabet's Google have announced a joint venture aimed at developing a new US-based company that will provide dedicated cloud infrastructure centered on Google's Tensor Processing Units (TPUs). The planned company will offer data center capacity, operations, networking, and TPUs as a compute-as-a-service platform, giving customers an alternative way to access Google's AI-optimized chips outside of Google Cloud.