The founder of Blackstone has just announced a high-profile partnership with a top tech firm that will create a massive platform to connect high-quality research and data across all of the tech industry.
Blackstone’s Blackstone Research Partners is a new initiative that will build on the existing research platforms that have already emerged in the tech space and bring together data from all the major tech players, including Google, Facebook, Apple, Microsoft, Oracle, and many others.
The deal will see the startup buy a controlling stake in Google, with the combined firm investing in hundreds of startups, according to The Wall Street Journal.
This means that the partnership will be able to leverage a large chunk of the company’s revenue from the search and data company.
In addition to being a huge investor in the company, Blackstone also has a substantial presence in the research sector, with some of its own projects and research projects having been funded.
In its recent annual report, BlackStone revealed that it had raised $8.8 billion in venture capital funding since 2011, and it now has a total of $40 billion in capital, according the Wall Street Review.
The startup said it is also in the process of building a “massive data platform” to connect the industry and help people make better decisions.
This will include a network of data scientists, data scientists working with Blackstone, and researchers working for Blackstone and other tech companies to “explore, analyze, and improve the data and data-driven outcomes of technology decisions and trends,” the Journal said.
Blackstones research team includes scientists at the University of Chicago, Columbia University, the University, and the Massachusetts Institute of Technology.
It also includes the likes of former Google executive Evan Williams, who joined Blackstone as the co-founder in 2014.
The partnership comes at a time when many tech giants have been looking to diversify their research portfolios.
Google’s $25 billion acquisition of the University is the most recent example of a major technology company diversifying its research departments and departments of acquisition.
Google is also investing heavily in AI, and Apple has been looking at how it can make data mining a powerful tool for business intelligence.
“Blackstone has proven to be a strategic partner in the field of data and machine learning,” Steve Jurvetson, Blacksmith’s co-chief investment officer, said in a statement.
“We are excited to be part of their success.”