Sources: Google and Blackstone plan to create an AI cloud company to monetize Google's TPUs to external parties; Blackstone plans to put $5B in the venture (Wall Street Journal)

Techmeme ·

Google and Blackstone are forming a new AI cloud company to sell TPU access to external customers, with Blackstone committing $5B to the venture.

Categories: Money & Moves

Excerpt

<a href="https://www.wsj.com/tech/ai/google-and-blackstone-to-create-new-ai-cloud-company-0e35b91f?st=tJmMou&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260518/i48.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260518/p48#a260518p48" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/ai/google-and-blackstone-to-create-new-ai-cloud-company-0e35b91f?st=tJmMou&amp;reflink=desktopwebshare_permalink">Sources: Google and Blackstone plan to create an AI cloud company to monetize Google's TPUs to external parties; Blackstone plans to put $5B in the venture</a></b></span>&nbsp; &mdash;&nbsp; Investment firm to put $5 billion toward venture using Google's chips&nbsp; &mdash;&nbsp; Alphabet's Google and Blackstone plan to create &hellip; </p>

Read at source: https://www.techmeme.com/260518/p48#a260518p48