Blackstone Commits $5B to Google AI Cloud Venture Targeting 500 MW by 2027
Blackstone will invest an initial $5 billion in a joint AI chip cloud venture with Google, targeting 500 MW of data-center capacity online by 2027. The partnership could scale to $25 billion including leverage, intensifying competition for AI infrastructure providers.
1. Venture Structure and Investment
Blackstone will contribute $5 billion in equity to a newly formed joint venture with Google focused on deploying AI-optimized chip cloud infrastructure, leveraging Google’s technology and Blackstone’s capital.
2. Timeline and Capacity Goals
The partners aim to bring 500 megawatts of data-center capacity online by 2027, with further expansion planned over time and total investment potentially reaching $25 billion once leverage is included.
3. Competitive Impact
The venture is expected to accelerate Google’s AI cloud growth, intensify competition for AI infrastructure providers and has already weighed on nearby peer stocks such as CoreWeave.
