Google and Blackstone are launching an AI project to address the data center shortage – Reuters

Google and the investment firm Blackstone are launching a joint cloud-based venture in the field of artificial intelligence to capitalize on the demand for computing power. 

This was reported by Reuters. In the initial phase, Blackstone will invest $5 billion in equity to launch 500-megawatt data centers by 2027.

Taking into account borrowed funds, the total cost of the project could reach $25 billion. The new American venture will operate on a “compute-as-a-service” model. Customers will be provided with space in data centers and direct access to Google’s specialized AI chips, the Tensor Processing Units (TPUs).

Google Cloud CEO Thomas Kurian emphasized that this move will help address the chip shortage in the market. Google executive Benjamin Sloss has been appointed as the company’s new CEO. For Blackstone, this deal is part of a global strategy to acquire AI infrastructure and power generation assets amid projected growth in global spending on the technology sector.

Google and SpaceX are in talks regarding a potential contract for rocket launches and the deployment of orbital data centers in space. 

Elon Musk is exploring the possibility of taking SpaceX public to raise funds for building data centers in space, which are intended to support artificial intelligence systems.

With support from Nvidia, Starcloud is preparing to begin mining Bitcoin directly in orbit following the launch of a new satellite this year. This is an important step in the development of space technology and cryptocurrencies.