Google, Blackstone to create AI cloud firm with in-house chips

businesstimes.com.sg May 19, 2026

Google, Blackstone to create AI cloud firm with in-house chips

Curated by Shubham · TechCapsules · May 19, 2026

AI-summarised brief · reviewed before publication

Alphabet's Google agreed to create an artificial intelligence cloud business with Blackstone, aiming to compete with companies like CoreWeave. The project will rely on an initial $5 billion in equity capital from Blackstone, with a goal of 500 megawatts' worth of computing capacity by 2027. Google's homegrown AI chips will be used, and veteran executive Benjamin Treynor Sloss will become CEO, adding to the boom in spending on computing infrastructure.

💡 Why It Matters

· Blackstone's massive asset base and Google's AI expertise create a powerful combination, threatening Nvidia's dominance in the AI chip market.
· This alliance also bolsters Google's position in the cloud computing market.

AI Capsules Google Semiconductors

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