Blackstone and Google Form New Joint Venture for AI Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Joint Venture Launch: Blackstone and Google have announced the formation of a new company focused on providing efficient data center capacity and compute services, with plans to bring 500 MW of capacity online by 2027 to meet the growing demand for AI.
- Capital Commitment: Blackstone is committing $5 billion in equity capital to the joint venture, demonstrating strong confidence in the AI computing market and laying a financial foundation for future expansion.
- Technical Support: Google will supply custom TPU hardware and related software services, ensuring the new company achieves high efficiency in AI training and inference, thereby enhancing its competitive edge in the market.
- Leadership Appointment: Blackstone has appointed Google executive Benjamin Treynor Sloss as CEO of the new company, leveraging his extensive experience in the tech sector to drive the company's growth and innovation.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 116.830
Low
166.00
Averages
176.60
High
205.00
Current: 116.830
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Focus Shift: As concerns grow over unsecured loans to software companies, investors should pay closer attention to risks in these areas, particularly the market changes that AI may bring, ensuring robust investment decision-making.
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