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Projected AI Sector Expenditure
Comparison of expected global AI spending trends for the year.
Primary Sources
Google, Blackstone to create new AI cloud company: Report
Blackstone is expected to contribute $5 billion in equity and hold a majority stake in the unnamed U.S. venture, the report said. May 19, 2026 / 06:26 IST Blackstone is expected to contribute $5 billion in equity and hold a majority stake in the unnamed U.S. venture, the report said. Alphabet's Google and Blackstone plans to launch an artificial-intelligence cloud company using Google's specialized chips, the Wall Street Journal reported on Monday, citing sources.Blackstone, the world's largest alternative asset manager, is expected to contribute $5 billion in equity and hold a majority stake in the unnamed U.S. venture, with a deal expected to be announced in a few hours, the report said.Google will supply hardware, including its specialized chips known as Tensor Processing Units, or TPUs, as well as software and services to the venture, the WSJ reported.Reuters could not immediately verify the report. Google and Blackstone did not immediately respond to a Reuters' request for comment.Analysts and investors say Google is taking a sizeable share of new AI-driven computing demand, helped by its business tools and custom chips that have lured customers such as Anthropic.Long-time Google executive Benjamin Treynor Sloss will serve as CEO for the new venture, according to the WSJ report.The world's largest companies are ramping up investment in artificial intelligence. Last month, Alphabet, Amazon, Microsoft and Meta signaled that AI spending would not slow down, with combined outlays now expected to exceed $700 billion this year, up from about $600 billion previously. Reuters Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Google and Blackstone to Create New AI Cloud Company -- WSJ
1 hour ago ... Alphabet's Google and Blackstone plan to create an artificial-intelligence cloud company to rival the likes of CoreWeave using Google's specialized chips, ...
Google and Blackstone Launch $5 Billion AI Cloud Venture Leveraging ...
Alphabet's Google and investment giant Blackstone are partnering to form a new AI-focused cloud company, backed by a $5 billion investment from Blackstone to utilize Google's proprietary chips.
Google, Blackstone plan US AI cloud venture - Tech in Asia
Google and Blackstone, a US alternative asset manager, plan to launch a US AI cloud company that will use Google's Tensor Processing Units on May 18. Blackstone is set to invest US$5 billion in ...
