Blackstone bets $5 billion on Google's secret AI chip to rival Nvidia

Blackstone is backing Google's artificial intelligence ambitions with a major investment in a new data center venture built around Google's in-house AI chips. The alternative-asset giant is committing an initial $5 billion in equity to a new US-based AI cloud venture with Google, with plans to bring 500 megawatts of data center capacity online by 2027.