Mentioned:
Blackstone is getting into the high performance computing business in a big way. And they’re partnering up with Google to do it.
What’s happening:
- Blackstone (NYSE: BX) and Google (NASDAQ: GOOG) have formed a new joint venture to launch a new company focused on building data centres to host Google’s TPUs
Why it matters:
- Blackstone will fund the new joint venture with an initial equity investment of $5B USD
Going deeper:
- Google and Blackstone have publicly stated they plan to have 500 megawatts of total data centre capacity online within the next year as well as aggressively building out more data centres in the United States
- Google will supply the new joint venture with their TPUs as well as software to host high performance computing and train new artificial intelligence models
