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Google Agrees to Create AI Cloud Firm With Blackstone
Posted
May 19, 2026
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3:59Now PlayingAlphabet’s Google agreed to create an artificial intelligence cloud business with Blackstone, aiming to compete with companies like CoreWeave in a burgeoning market. The project will rely on an initial $5 billion in equity capital from Blackstone, which will become the majority owner, according to a statement Monday. Bloomberg's Neil Campling explains.
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