Blackstone’s AI strategy reportedly centers on computing power
The Information says Blackstone is pursuing deals involving Google, Nvidia, Broadcom and Anthropic as it seeks to bring its enormous pool of capital to Silicon Valley.
TLDR
The Information reports that computing power is Blackstone’s biggest conviction in AI, underpinning deals involving Google, Nvidia, Broadcom and Anthropic. The publication describes a joint venture with Google unveiled in May: Blackstone promised to spend $5 billion to buy 500 megawatts’ worth of Google’s tensor processing units and said it would use the chips in a new company.
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