Google and Blackstone to co-found AI cloud computing company.

date
19/05/2026
On the 18th, Google and Blackstone Group announced the joint creation of an artificial intelligence cloud computing company. This joint venture, with $5 billion in equity capital from Blackstone Group, will use Google's own chips. According to the Wall Street Journal, this joint venture is the largest scale attempt Google has made in exporting its own chips, and it may intensify competition between Google and American chip manufacturer Nvidia. Most large artificial intelligence companies in the United States use the computing power infrastructure provided by the American cloud computing company "CoreWeave", which uses Nvidia chips.