AIMPACT News, May 19 (UTC+8): According to monitoring by Beating, Google has partnered with Blackstone to establish an independent cloud computing company dedicated to leasing TPU computing power to AI developers. In this collaboration, codenamed Project Braid, Blackstone has invested $5 billion in equity, while Google has stepped back into a minority shareholder role, directly providing the underlying TPU hardware. Google has long sought to expand its TPU leasing footprint to compete with NVIDIA. However, due to NVIDIA’s control over chip allocations, most emerging cloud providers, known as Neoclouds, have refused to adopt Google’s TPU. By leveraging Blackstone’s capital to launch a separate venture, Google can fully bypass NVIDIA’s ecosystem lock-in and forcibly open a leasing channel for TPU. The new joint venture will be led by Benjamin Treynor Sloss, a senior executive from Google Cloud. As planned, up to 500 MW of TPU computing power is scheduled to be operational by 2027. (Source: BlockBeats)
Google and Blackstone Launch a $50 Billion Cloud Company to Rent TPU Chips, Bypassing NVIDIA
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Summary
Google and Blackstone have announced a project to launch a $50 billion cloud company dedicated to renting TPU chips. The new company, Project Braid, will be led by Benjamin Treynor Sloss of Google Cloud. Blackstone will provide the equity, while Google will supply the TPU hardware and hold a minority stake. The company aims to deliver up to 500 MW of computing power by 2027. This initiative comes as many cloud providers have avoided Google’s TPUs due to NVIDIA’s dominance in the chip market. The announcement of the token launch is expected to influence the AI development landscape.
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