Alphabet and Blackstone Launch $5B TPU Cloud JV; Gemini AI Refresh Expected at I/O
Alphabet and Blackstone committed $5B to a joint venture offering Google's TPUs as a compute-as-a-service platform, aiming for 500 MW of capacity by 2027. At I/O, Alphabet plans to refresh its Gemini AI and embed generative features across Search, Gmail and YouTube to drive ad and cloud revenue.
1. Alphabet and Blackstone Form TPU Cloud JV
Alphabet and Blackstone have launched a joint venture with an initial $5 billion equity commitment to offer Google’s Tensor Processing Units (TPUs) as a compute-as-a-service platform. The new U.S.-based company targets 500 MW of capacity online by 2027, leveraging Blackstone’s data center and energy infrastructure expertise.
2. AI Upgrades Unveiled at I/O Conference
At its annual I/O event, Alphabet will showcase a refreshed Gemini AI model and introduce generative capabilities across Search, Gmail and YouTube. These enhancements aim to strengthen Google’s ad revenue engine and bolster its cloud services by embedding advanced AI features into core products.