Google (GOOGL) and Blackstone (BX) are to launch a new AI cloud venture, with Blackstone to invest USD 5bln in venture that will use Google's chips, according to sources cited by WSJ

The partnership between Google and Blackstone marks a significant move into the AI cloud space, with Blackstone investing USD 5 billion. This venture should bolster Google's competitive position in AI-driven services while providing Blackstone a foothold in the rapidly growing AI infrastructure market, potentially influencing tech equities and the broader capital markets.