Google, Blackstone Form AI Cloud Venture

Google has partnered with Blackstone to create an AI cloud business, aiming to establish 500 megawatts of computing capacity by next year. The project, majority-owned by Blackstone with an additional $5 billion in equity capital, is part of a broader trend of joint ventures funding data center capacity expansion. Meanwhile, Elon Musk's legal battle with OpenAI has been resolved, potentially clearing the path for an OpenAI IPO, though the timing and valuation remain uncertain.