Google Reportedly Teams Up with Blackstone to Establish New AI Cloud Company
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Google and Blackstone Inc. are forming a joint venture AI cloud company, with Blackstone investing USD5 billion for a majority stake. The venture aims to support USD25 billion in computing power investments, utilizing Google's proprietary chips to achieve 500 megawatts of computing power by next year. Google will provide hardware, software, and services, while Benjamin Treynor Sloss will be the CEO.
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