Google and Blackstone launch $5 billion AI cloud venture to rival specialized providers

Google has agreed to team up with Blackstone to create a new artificial intelligence cloud business, according to Bloomberg and people familiar with the plan, in a move that underscores how quickly the market for AI infrastructure is consolidating. The venture is designed to compete with fast-growing providers such as CoreWeave, which have become important players in supplying the computing power needed to train and run AI models.