Google–Blackstone AI Cloud Deal
According to Bloomberg, “Google, Blackstone to Create AI Cloud Firm With In-House Chips”, the partners will build an AI cloud using Google TPUs backed by $5B equity and a 2027 500MW capacity target — a major CLOUD infrastructure bet. ([news.bloomberglaw.com](https://news.bloomberglaw.com/artificial-intelligence/google-blackstone-to-create-cloud-business-to-handle-ai-demand)) [Bloomberg](https://news.bloomberglaw.com/artificial-intelligence/google-blackstone-to-create-cloud-business-to-handle-ai-demand)
Google I/O: Gemini 3.5 and Agents
According to Reuters, “Google kicks off I/O conference with AI upgrades for coders, consumers”, Google unveiled Gemini 3.5 Flash, Gemini Omni and Docs Live, embedding AGENTS across Search, Docs and YouTube to accelerate product AI integration. ([m.investing.com](https://m.investing.com/news/stock-market-news/google-expected-to-court-coders-consumers-at-io-conference-4699222?ampMode=1&utm_source=openai)) [Reuters](https://uk.finance.yahoo.com/news/google-expected-court-coders-consumers-164626843.html)
Meta Restructuring and Layoffs
According to Reuters reporting, “Exclusive‑Meta lays out plans for May 20 restructuring in internal document”, Meta plans ~10% cuts, will reassign ~7,000 staff into AI teams and close ~6,000 open roles — prompting widespread LAYOFFS and employee pushback. ([m.investing.com](https://m.investing.com/news/stock-market-news/exclusivemeta-lays-out-plans-for-may-20-layoffs-restructuring-internal-document-says-4696710?ampMode=1&utm_source=openai)) [Reuters](https://m.investing.com/news/stock-market-news/exclusivemeta-lays-out-plans-for-may-20-layoffs-restructuring-internal-document-says-4696710)
Bond rout deepens
According to Reuters, “Global bond rout deepens as inflation fears mount” as U.S. Treasury yields jumped to multi‑month highs on Middle East energy shocks, lifting the dollar and denting stocks; keyword: yields. [Reuters](https://au.investing.com/news/economy-news/global-bond-rout-deepens-as-inflation-fears-trigger-rate-hike-bets-4644508)
Warsh confirmed as Fed chair
According to Reuters, “Warsh clinches Senate approval to be Fed’s next chair as inflation intensifies” after a 54‑45 vote, placing Kevin Warsh at the Fed’s helm as markets assess inflation risks and potential policy shifts; keyword: Fed. [Reuters](https://www.investing.com/news/economy-news/fed-chair-nominee-warsh-set-to-get-us-senate-nod-as-inflation-intensifies-4685700)
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