Blackstone is reportedly increasing its AI computing power investment, reportedly preparing to significantly increase its purchases of Google TPUs.

Blackstone, the world's largest alternative asset management firm, is further betting on Google's AI chips.

According to tech media outlet The Information, Blackstone is expected to purchase a significantly larger number of Google Tensor Processing Units (TPUs) than disclosed when it announced its joint venture with Google in May. A source familiar with the matter stated that Blackstone is seeking to purchase "several times" more than previously planned. Blackstone declined to comment on the specific purchase quantity.

This move suggests that Blackstone may be further expanding its investment in AI computing infrastructure. As one of the world's leading data center investors, Blackstone currently manages over $1.3 trillion in assets; its investments in data centers, energy, and other infrastructure sectors have become a significant part of its bet on AI infrastructure demand.

In May, a joint venture was established with Google, with an initial investment of $5 billion.

In May of this year, Blackstone announced the formation of a U.S. joint venture with Google to provide data center capacity, operations, networks, and Google Cloud TPUs, offering TPU computing power to customers on a "compute-as-a-service" model.

According to Blackstone's announcement at the time, the company would make an initial equity investment of $5 billion, with the goal of launching 500 megawatts of data center capacity by 2027 and plans to expand significantly in the future.

Reuters reported at the time that the project, including leveraged financing, was expected to reach a total investment of $25 billion. Google, meanwhile, further pushed its AI chips beyond Google Cloud by offering its self-developed TPUs.

Google is accelerating the commercialization of TPU.

As Blackstone expands its procurement, Google is also continuing to strengthen the position of TPU as an alternative to Nvidia GPUs for AI computing power.

The head of Google Cloud recently stated that Google's AI accelerator chip business is now more than twice the size of its closest cloud computing competitor. This year, Google also began including third-party TPU sales in its cloud revenue and is expanding TPU commercialization through leasing, direct sales, and a joint venture with Blackstone.

If Blackstone's final procurement scale does indeed expand to several times the previously planned size, as reported, it not only means that its TPU cloud joint venture with Google may be further expanded, but also reflects that large capital institutions are continuing to bet on the demand for AI infrastructure through the "chip + data center + computing power service" model.

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