Blackstone, KKR, EQT in Talks with Alphabet on AI Portfolio Deals

According to Bloomberg, Blackstone, KKR, and Sweden-based EQT are in talks with Alphabet to provide their portfolio companies with access to Google’s AI models through portfolio-wide contracts. The discussions are non-exclusive and may not result in deals. The arrangement would give Google broader access to private equity-backed customers instead of relying on separate consultancies, following a similar strategy Google deployed in April 2026 with other major PE firms.

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