Google and Blackstone to create new AI cloud company

Google and Blackstone to create new AI cloud company

By Lauren Thomas,Cara Lombardo
Publication Date: 2026-05-21 11:29:00

Alphabet’s Google and Blackstone plan to create an artificial-intelligence cloud company to rival the likes of CoreWeave using Google’s specialised chips.

The duo said Monday they plan to launch the unnamed US company with $5bn in equity capital from Blackstone, confirming an earlier report by The Wall Street Journal.

The venture, the biggest…