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<\/a><\/a>\nGoogle\u2019s TPUs are custom chips purpose-built for AI, and optimized for training and inference of advanced AI models. They have been developed and deployed in production for more than a decade and power workloads for many of the world\u2019s top AI labs, capital market firms, and companies running the most complex high-performance computing applications. TPUs also power Gemini and the AI-driven products Google delivers to billions of users globally.<\/p>
\nBlackstone is the world's biggest alternative asset manager, with over $1.3 trillion in assets under management, and the largest global provider of data centers. The joint venture between Blackstone and Google is intended to give customers even more choice and flexibility for running their AI workloads on TPUs.<\/p>
\nUnder the terms of the partnership, Blackstone is making an initial commitment of $5 billion in equity capital from funds managed by Blackstone. The company expects to bring the first 500 MW of capacity online in 2027, with plans to scale significantly over time. Google will supply hardware, including TPUs, as well as software and services to the new company so it can rapidly accelerate to meet the growing demand for accelerated computing, leveraging the benefit of Google\u2019s technical and domain expertise.<\/p>
\nBlackstone has named Benjamin Treynor Sloss, a Google executive with over two decades of experience building and operating Google\u2019s global infrastructure and operations, to lead the new company as CEO.<\/p>
\nJon Gray, President and COO of Blackstone, said: \u201cWe see a generational opportunity to invest capital at scale building AI infrastructure. This new company has enormous potential as it helps to meet the unprecedented demand for compute. We are incredibly proud to partner with Google \u2013 bringing together their world class TPUs and AI capabilities with Blackstone\u2019s exceptional strength in energy and digital infrastructure.\u201d<\/p>
\nJas Khaira, Head of Blackstone N1 (BXN1), said: \u201cCapital alone doesn\u2019t build category-defining platforms \u2013 the right partner, the right structure, and the conviction to underwrite singular opportunities do. Google\u2019s TPUs, a decade in the making and foundational to the AI economy, are exactly the kind of platform BXN1 was built to back.\u201d<\/p>
\nThomas Kurian, CEO of Google Cloud, said: \u201cThis joint venture with Blackstone helps meet growing demand for TPUs, which are optimized specifically for efficiency and performance in the AI era. Together, we\u2019re accelerating AI transformation and providing more options for organizations to access accelerated compute capability.\u201d<\/p>
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