<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Blackstone (BX) announced a joint venture with Google to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud's Tensor Processing Units as a compute-as-a-service offering. Google's TPUs are custom chips purpose-built for AI, and optimized for training and inference of advanced AI models. The company will give customers another option to access cloud TPUs in addition to using them through Google Cloud. The company expects to bring the first 500 MW of capacity online in 2027, with plans to scale significantly over time. Blackstone has named Benjamin Treynor Sloss, a Google executive, to lead the new company as CEO. </p><p>Blackstone is making an initial commitment of $5 billion in equity capital from funds managed by Blackstone. Google will supply hardware, including TPUs, as well as software and services to the new company. </p> <div><p>This article is part of our premium content offering.Subscribe with a RTTNews subscription.</p><p>Subscribe Now</p><p>Already subscribed? Sign in</p></div><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

Google I/O took place on May 19th, followed closely by Google Marketing Live on May 21st. The market focus has shifted from "Will Gemini 4.0 be released?" to "Can AI make money?"—Can AI search expand commercial queries? Can AI Max replace Dynamic Search Ads as the new default for advertising? Can agency-based shopping complete the transaction loop? Can Google Cloud's backlog of orders, which nearly doubled to $462 billion month-over-month, continue to grow? Everything hinges on these two events. Are you betting that Alphabet will take another leap forward with AI, or has its valuation already exhausted expectations?

<p>Google I/O took place on May 19th, followed closely by Google Marketing Live on May 21st. The market focus has shifted from "Will Gemini 4.0 be released?" to "Can AI make money?"—Can AI search expand commercial queries? Can AI Max replace Dynamic Search Ads as the new default for advertising? Can agency-based shopping complete the transaction loop? Can Google Cloud's backlog of orders, which nearly doubled to $462 billion month-over-month, continue to grow? Everything hinges on these two events. Are you betting that Alphabet will take another leap forward with AI, or has its valuation already exhausted expectations?</p>

With two AI conferences being held in quick succession, can Google AI truly make money?

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DTCR

CLOU

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<p>Blackstone has announced a joint venture with Google to establish a U.S.-based company focused on providing efficient data center capacity and Google Cloud's Tensor Processing Units (TPUs) as a compute-as-a-service. The venture aims to meet the growing demand for AI capabilities, with an initial capacity of 500 MW expected by 2027. Blackstone is committing $5 billion in equity, while Google will supply hardware and software. Benjamin Treynor Sloss from Google will serve as CEO.</p>

- Blackstone announced a joint venture with Google to establish a new U.S.-based company focused on efficient data center capacity and compute-as-a-service offerings using Google Cloud's Tensor Processing Units (TPUs).  
- The joint venture aims to bring 500 MW of capacity online by 2027, with significant scaling planned.  
- Blackstone has committed $5 billion in equity capital, and Google will provide the necessary hardware and software to support the new company.

Blackstone, Google Join To Create U.S.-based Company To Meet Growing Demand For TPUs