Google and Blackstone Launch $5 Billion AI Cloud Venture to Challenge Nvidia’s Dominance

Google and Blackstone Launch $5 Billion AI Cloud Venture to Challenge Nvidia’s Dominance:

Google and Blackstone have announced the new artificial intelligence cloud infrastructure company that will provide the compute as a service and it allows the businesses to rent the powerful AI computing resources instead of building the expensive infrastructure themselves.The new venture will use the Google’s proprietary TPU chips with the specialized processors designed specifically for machine learning and AI workloads.Blackstone is investing around the $5 billion into the project, making it one of the biggest AI infrastructure investment deals in recent times.The first phase of the venture is expected to involve around 500 megawatts of data center capacity and highlighting the massive scale of the project.