AI Business
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Google and Blackstone to Launch AI Cloud Business with $5 Billion Investment
May 19, 2026
AI Summary
Google has partnered with Blackstone to establish a new artificial intelligence cloud business. The venture will be primarily funded by a $5 billion equity investment from Blackstone, which will hold a majority stake in the company.
- Google is collaborating with Blackstone to create an AI cloud business.
- The initiative aims to compete in the growing market for AI cloud services, targeting competitors like CoreWeave.
- Blackstone will invest $5 billion in equity capital and will become the majority owner of the new venture.
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