Google & Blackstone build AI data centers for billions

Billion-Euro Investment New AI Data Centers from Google And Blackstone

2026-05-19 Source: dpa 1 min Reading Time

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The Alphabet subsidiary Google and the financial investor Blackstone want to build data centers for artificial intelligence for billions ...

Google has enjoyed great success with its AI chip Tensor. Now a new idea has brought the company together with the financial investor Blackstone. For many billions of dollars, the company now wants to build data centers that use the Tensor ...(Image: Google) — Google has enjoyed great success with its AI chip Tensor. Now a new idea has brought the company together with the financial investor Blackstone. For many billions of dollars, the company now wants to build data centers that use the Tensor ...
(Image: Google)

The financial investor Blackstone initially wants to invest around five billion dollars (4.3 billion euros) for the data center project for AI services in the cloud and take a majority stake, according to reports from New York. According to the news agency Bloomberg, however, the investment (including debt) will amount to 25 billion dollars. The joint venture is to be headed up by longstanding Google manager Traynor Sloss, according to reports. In a first step, the company aims to achieve a computing capacity of 500 megawatts by 2027. The data centers are to be equipped with the Tensor brand of AI chips developed by Google, as they are known to be designed to develop and operate AI models.

Google Needs more AI Computing Power

Alphabet and Blackstone are also competing in this way with companies such as Coreweave and Nebius, which provide services for AI service providers with their high-performance computers, although they often rely on processors from industry giant Nvidia. Google itself has expanded its own range of AI chips and is therefore now looking for even more computing capacity to meet the high demand from users inside and outside the company. Google is one of the biggest beneficiaries of the AI boom. Sales in its cloud computing division are currently skyrocketing and the company's own AI services are enjoying great success with customers. Blackstone, on the other hand, recently floated its Blackstone Infrastructure Trust unit, which invests in ready-made data center properties.

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