Quick Read – Google shares rose 1.64% on the week while Blackstone fell 3.59%, signaling market skepticism that the deal transforms Google despite its strategic scale. – The venture targets 500 megawatts of capacity by 2027 using Google’s TPU chips and will be majority-owned by…
ackstone under new CEO Benjamin Treynor Sloss. – Google Cloud posted $20.03 billion in Q1 FY26 revenue, up 63% YoY, with backlog exceeding $460 billion, providing distribution scale for the TPU venture. – CoreWeave (CRWV) dropped 9.53% on the week then fell another 7.51% on May 19 as the venture signals a credible TPU-native competitor to its GPU dominance. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Blackstone wasn’t one of them. Get them here FREE
The Number Blackstone (NYSE:BX) is committing $5 billion in equity capital to a new artificial intelligence cloud venture with Alphabet’s (NASDAQ:GOOG) Google Cloud, according to a Wall Street Journal report. The figure represents Blackstone’s equity contribution alone. Total compute investment could reach $25 billion once debt financing is layered in, per Bloomberg.
The $5 billion is a committed equity figure, not reported revenue or earnings. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Blackstone wasn’t one of them. Get them here FREE.