Applied Digital locks $5.2B hyperscaler commitment, reshaping AI infrastructure
Applied Digital signed a 210 MW, 15-year lease with a repeat hyperscaler customer, contracting $5.2B in revenue and signaling that enterprise builders are outsourcing AI factory construction instead of self-building.
Blackstone and Google spin out standalone TPU cloud with $5B
Blackstone commits $5 billion to a new Google TPU cloud venture, targeting 500 MW of capacity in 2027 and directly challenging Nvidia's dominance in AI infrastructure.