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The new U.S.-based company will sell access to Google's Tensor Processing Unit chips as a compute-as-a-service offering, with 500 MW of capacity targeted for 2027

A company doesn’t reach a $5 trillion market cap just by standing still. Alphabet is nearing that milestone and it’s making an aggressive play to challenge Nvidia AI chip dominance—and potentially its status as the world’s most valuable company. Google and Blackstone announced plans to create a new AI cloud company using the tech giant’s chips.

New AI infrastructure company to use Google-designed chipsAlphabet’s (NASDAQ:GOOGL) Google and Blackstone Inc (NYSE:BX) announced plans on Tuesday to create a new artificial intelligence cloud computing company powered by Google’s proprietary AI chips, lifting shares of both companies in premarket U. S.

The two giants are launching an AI compute supplier as the demand for AI infrastructure continues to grow.

The duo plans to launch the unnamed U.S. company with $5 billion in equity capital from Blackstone, which will be the majority owner.

A number of stocks jumped in the afternoon session after optimism improved supported by the U.S.-China trade summit and solid U.S. economic data.

(Bloomberg) -- Zohran Mamdani was set to hold individual meetings with Jamie Dimon, chief executive officer at JPMorgan Chase & Co., and Goldman Sachs Group Inc. CEO David Solomon, as New York City’s democratic socialist mayor seeks to build relations with the business community. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran F

(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and

(Bloomberg) -- A British dealmaking boom has London’s M&A advisers on track for their best year in more than a decade, standing in contrast to investor fears over the country’s latest political crisis.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpTrump Gets Revenge on Republican Who Vote

Broadcom is surging, and now, private credit behemoths are reportedly in talks to extend funding. See the potential implications of a massive debt deal.

Earlier this week, Blackstone Digital Infrastructure Trust (BXDC) completed its US$1.75 billion initial public offering at US$20 per share for 87.5 million shares, beginning trading on the NYSE with a mandate to invest in newly built, income-generating data centers leased to investment-grade hyperscale tenants. This new data center REIT reinforces Blackstone’s push into digital infrastructure, aligning its alternative-asset platform with rising enterprise demand for cloud and AI-ready...

Investing.com -- N.P. “Narv” Narvekar, the chief executive officer of Harvard University’s $56.9 billion endowment, has notified the board of his plans to retire after nearly a decade in the role, according to an exclusive Wall Street Journal report citing people familiar with the matter.

Blackstone and CD&R are among the private-equity firms in the early stages of exploring bids for the company, Reuters reported, citing two unnamed sources. The resulting speculation lifted shares 11% to $16.66 on Friday, putting them on pace for their highest close since February, according to Dow Jones Market Data. CD&R declined to comment, while Blackstone didn’t immediately respond to a request from Barron’s. A Magnum spokesperson said the company doesn’t comment on “rumors of speculation in the marketplace.”

All three major US stock indexes were down while US Treasury yields were up in late-morning trading

Both investors have declined to comment on a report by Reuters suggesting they are in the ‘early stages of exploring bids’.

Investing.com -- Magnum Ice Cream Nv (NYSE:MICC) shares jumped 10.9% in U.S. premarket trading and 10.5% in European markets on Friday following reports of potential private equity interest. Blackstone and Clayton, Dubilier & Rice are reportedly exploring bids for the owner of the Ben & Jerry's and Cornetto brands. The firms are currently in the early stages of evaluating offers for the recently listed ice cream manufacturer. According to Reuters, citing sources familiar with the matter, both pr

US equity futures were falling pre-bell Friday as traders noted that the summit between President Do

The ice cream maker, which spun off from Unilever just 6 months ago, is seen as a potential turnaround target by buyout firms

(Updates to include the stock movement in the headline, the first paragraphs.) Magnum Ice Cream (

This article examines whether Blackstone, trading at around US$122.46, is a bargain or already reflects its investment story, by exploring what the current share price might imply about value. The stock is roughly flat over the last week with a 0.1% move, has fallen 3.1% over the past month and is down 22.9% year to date, while the return over the last 1 year is a decline of 13.5%. The 3 and 5 year returns are 61.5% and 62.9% respectively. These moves come amid a steady flow of headlines...

New World now faces pressure to resolve airport mall liabilities and secure capital before its annual audit.

Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index increasing 0.6%

The European Systemic Risk Board Advisory is contemplating whether private credit’s recent perturbations merit study, Barron’s has learned.

Financial stocks were higher Thursday afternoon trading, with the NYSE Financial Index rising 0.5% a

Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, ‌after the company raised $1.75 billion in its U.S. initial public offering ‌with plans to buy data center assets. New York-based Blackstone Digital Infrastructure Trust's stock opened at $20 ​per share, the same price at which it had sold 87.5 million shares in its IPO. Artificial intelligence-linked companies have taken center stage in the U.S. IPO market this week with three billion-dollar offerings, including chipmaker Cerebras and Fervo ‌Energy.

Citi raised its price target on Broadcom and is bullish on the company ahead of earnings on June 3.

BXDC starts trading on May 14.

Financial stocks fell Wednesday with the NYSE Financial Index dropping 0.8% and the State Street Fin

Glinting investment opportunities abound, private-equity firms say—but the industry also faces an exit bottleneck of over $3 trillion.