Google and Blackstone form AI cloud venture backed by $5 billion to challenge CoreWeave

Google and Blackstone are creating a standalone AI cloud company that will sell Google’s proprietary TPU chips to outside customers, with Blackstone contributing $5 billion in equity for a majority stake. Including leverage, the total investment reaches $25 billion, the Wall Street Journal reported. Benjamin Treynor Sloss, a longtime Google executive, will run the unnamed...