Blackstone and Google are teaming up on AI cloud

New deal, same AI stampede

Blackstone and Google are planning to launch an artificial-intelligence cloud company, according to the Wall Street Journal, with Google’s specialized chips in the mix. Translation: this isn’t just another “AI partnership” press release with shiny adjectives and no substance. It’s a bid to build real infrastructure around the AI boom.

Why this matters to BX

For Blackstone, the appeal is obvious. If AI keeps chewing through more compute, storage, and cloud capacity, the winners aren’t just the model makers. They’re also the landlords, financiers, and infrastructure partners supplying the digital plumbing. BX has spent years turning itself into a giant infrastructure machine, and this looks like another swing at that theme.

Google gets a bigger playground

Google brings the brains and the custom chips; Blackstone brings scale, capital, and the kind of balance-sheet swagger that can help a big project actually get built. If this works, it could mean a fresh revenue stream and a deeper seat at the AI table for both sides.

Big picture: AI isn’t just about chatbots anymore. It’s about who owns the picks and shovels, and apparently now also the cloud in which everyone stores the shovels.