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Blackstone has taken a majority stake in a new joint venture with Google to build a U.S.-based AI compute-as-a-service platform using Google’s TPUs. The deal values the project at $25 billion, with $5 billion in equity from Blackstone and 500 MW of capacity targeted for 2027.
Australian AI data center company Firmus is targeting a $2 billion ASX IPO after securing $505 million in equity and a $10 billion Blackstone-backed debt facility.
