The Weekly Scramble

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The Weekly Scramble features Mike Frattallone and Chris Reuvers’ light hearted look at daily life in the State of Minnesota. Twice a week they bring their unique, common-sense conservatives approach to the current headlines. Logical and witty, funny, smart and maybe a little too opinionated, Mike and Chris are here to help make sense of the nonsense facing Minnesotans.  

  1. 6D AGO

    Blackstone to invest $5 billion in AI infrastructure venture with Google

    Blackstone, the world’s largest private owner of data centers, will invest $5 billion in equity capital in a new artificial intelligence infrastructure company with Google, the New York-based asset management firm announced Monday. Google will supply the new U.S.-based company with its tensor processing units — chips purpose-built for processing artificial intelligence computations — bringing the first 500 megawatts of compute capacity online by 2027, with “plans to scale significantly over time,” Blackstone said in a statement. “This new company has enormous potential as it helps to meet the unprecedented demand for compute,” Jon Gray, President and COO of Blackstone, said in the statement. The unnamed company will be helmed by Benjamin Treynor Sloss, who most recently served as Google’s chief programs officer. A Google spokesperson declined to comment on whether Google would retain a direct leadership role in it. The Wall Street Journal, which first reported on the joint venture before Blackstone’s official statement, said the private equity giant would hold a majority stake, citing sources familiar with the matter. Blackstone did not disclose the venture’s ownership structure in its statement, and did not respond to CNBC’s request for comment by publication time. The Journal also reported that the joint venture has already identified likely data center locations, some of which are under construction. Blackstone, which manages more than $1.3 trillion in assets, has invested aggressively across the AI ecosystem and, earlier this month, established a similar venture with Anthropic. Shares of Alphabet and Blackstone rose by about 1% in pre-market trading on Tuesday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    36 min
4.8
out of 5
136 Ratings

About

The Weekly Scramble features Mike Frattallone and Chris Reuvers’ light hearted look at daily life in the State of Minnesota. Twice a week they bring their unique, common-sense conservatives approach to the current headlines. Logical and witty, funny, smart and maybe a little too opinionated, Mike and Chris are here to help make sense of the nonsense facing Minnesotans.  

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