Blackstone Bets AI Fortunes on Compute With Google, Nvidia, Broadcom and Anthropic Deals

Blackstone is treating AI compute as its core wager, backing chip, cloud and lab deals that stretch from Google Tensor Processing Units to Nvidia GPUs and Broadcom custom silicon rather than concentrating only on model-company equity. The world’s largest alternative-asset manager is using credit, insurance capital and joint ventures to finance the hardware and data-center capacity that frontier labs need, a shift that puts Wall Street’s balance sheet next to Silicon Valley’s training clusters.