Alphabet (GOOGL) Stock: Google-Blackstone Project Braid Hits Data-Center Delays
TLDR
- Alphabet and Blackstone’s joint AI neocloud venture, “Project Braid,” is facing construction delays at multiple data-center sites
- Google scrapped a plan with developer Crusoe to build in Cheyenne, Wyoming, and has taken over the project
- Transformer shortages and a Texas freeze on new data-center approvals have added further friction
- Project Braid CEO says the venture is still on track to deliver 500 megawatts in 2027
- The team has identified 29 potential sites and is actively expanding its pipeline
Alphabet and Blackstone’s jointly backed AI cloud venture is running into real-world obstacles, with data-center delays piling up at multiple locations meant to host Google’s AI chips.
The venture, known internally as “Project Braid,” launched with $5 billion from Blackstone and plans to lease Google’s AI processors to customers starting in 2027. GOOGL stock edged up 0.02% as the news broke.
One of the first problems: Google pulled the plug on a plan to have data-center developer Crusoe build a facility in Cheyenne, Wyoming. Google took control of the project and is now reapplying for permits after losing confidence in Crusoe’s ability to deliver. Local officials told residents the project would be scaled back.
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