Google Just Shared Bad News for Nvidia, and Even Worse News For CoreWeave and Nebius
2026-05-24 17:20:00 ET
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) CEO Sundar Pichai shared some interesting news during the company's first-quarter earnings call. Google will start to deliver its custom AI accelerator chips, Tensor Processing Units (TPUs), to a select group of customers for their own data centers. The company has already signed a deal to sell chips to Anthropic and has a tentative agreement to sell directly to Meta Platforms . Now it has a third customer.
Google is partnering with Blackstone on a joint venture to build a new neocloud compute-as-a-service company. Blackstone will provide $5 billion of capital, and Google will provide its TPUs and software. The move is another step in taking market share from Nvidia , but it presents a real competitive threat to neocloud leaders CoreWeave (NASDAQ: CRWV) and Nebius Group (NASDAQ: NBIS) .
Image source: Getty Images.
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