Google and Blackstone have formed a joint venture to launch an artificial intelligence cloud and computing business, according to Cointelegraph and Odaily. Cointelegraph reported that Blackstone committed $5 billion in equity and that the venture will use Google’s custom chips to build AI cloud infrastructure. Odaily reported that Alphabet shares rose 1.1% in premarket trading after the agreement. A separate market update said CoreWeave-related trading, referenced by ticker symbol $CRWV, declined after the announcement. Together, the reports indicate that the deal was viewed as a significant development in AI infrastructure, with implications for competition, capacity access, and investor expectations around high-performance computing demand.