Blackstone forms joint venture with Google to supply advanced data center capacity and AI compute services

Blackstone has formed a joint venture with Google to create a new U.S. company that will offer Google Cloud TPUs as a compute-as-a-service product to support AI workloads from enterprises.

An experienced Google executive will lead the new platform, combining Blackstone's capital and infrastructure reach with Google's AI technology, extending beyond Blackstone's traditional real estate and private equity activities.

The joint venture increases Blackstone's direct exposure to AI data centers and compute; investors should monitor capital commitment, revenue share terms with Google, and any changes to digital infrastructure's contribution to group earnings.