Primary Taiwanese news agency Central News Agency (CNA) recently reported that, Google and Blackstone Group plan to jointly establish an artificial intelligence (AI) cloud company using Google’s proprietary chips. Blackstone Group, the world’s largest alternative asset management firm, is expected to invest US$5 billion in equity and hold a majority stake in the unnamed startup.
Sources familiar with the matter revealed that Google will provide the new company with software, services, and hardware, including a dedicated chip known as a Tensor Processing Unit (TPU). Google senior executive Benjamin Treynor Sloss will become the new company’s CEO.
This is Google’s largest attempt to date to sell its self-developed chips and commercialize them. This move will intensify the direct head-to-head competition between Google and Nvidia, the dominant player in the AI computing market.
As the computing power required to train and run advanced AI models reaches unprecedented levels, Google and Blackstone Group decided to join forces. Currently, most large AI companies rely on the computing infrastructure built around Nvidia-based chips, at least to some extent.
Source: CNA, May 19, 2026
https://www.cna.com.tw/news/ait/202605190035.aspx