Anonymous2 days ago
Google and Blackstone have announced a joint venture to create a new U.S.-based company offering Google's Tensor Processing Units as compute-as-a-service, backed by $5 billion in Blackstone equity and up to $25 billion including leverage. The deal, which installs a longtime Google infrastructure executive as CEO and targets 500 MW of capacity by 2027, raises questions about whether this is a genuine strategic play to compete with CoreWeave-style neoclouds — or a financial engineering maneuver to move capital expenditure off Alphabet's swelling balance sheet while Blackstone's pension-fund investors absorb the downside risk.