Top Wall St Firms Are Interested In Google's AI Suite: Report

• Alphabet is also reportedly in discussions with private equity firm EQT AB. 
• The deal will give Google access to multiple companies to sell AI tools.
• Move follows OpenAI and Anthropic’s own PE partnership deals.

Google parent Alphabet (GOOGL) stock inched higher on Tuesday following reports that top Wall Street firms, Blackstone and KKR, were in talks with the firm to deploy Google’s AI models in the companies they own.

Top private equity firms Blackstone and KKR are in talks with Alphabet to give the companies they own access to Google’s artificial intelligence models, Bloomberg reported, citing people familiar with the matter. 

Google shares have gained significant traction recently, with April being its best month since 2004, driven by strong quarterly earnings and robust expansion in its cloud business, which has also placed Alphabet on the verge of overtaking chip giant Nvidia to become the world's most valuable company. 

In addition to Blackstone and KKR, Alphabet is also in discussions with private equity firm EQT AB, according to a Bloomberg report. However, the report highlighted that the discussions aren’t exclusive, and there are no assurances they’ll lead to a deal. 

Several AI companies are partnering with Wall Street firms and entering into joint ventures to broaden and cultivate their future clientele. 

Earlier this week, OpenAI raised more than $4 billion from TPG, Brookfield Asset Management, Advent International, and Bain Capital for a firm aimed at helping businesses use its AI software. 

Shortly after that, Anthropic announced it was pairing up with Blackstone, Hellman & Friedman, and Goldman Sachs Group to form a similar company. 

The Private Equity And AI Relationship 

Several top private equity players like Blackstone and KKR have increased investments in data center operators, energy management companies, and memory stocks in a bid to increase their clout in the booming AI space. 

For instance, KKR in 2025 acquired a stake in energy firm AEP Transmission and invested in ST Telemedia Global Data Centers to secure the energy-heavy infrastructure needed for AI scaling.

“A couple of years ago, private equity firms were waiting to see what was happening with AI and its impact, encouraging their portfolio companies to do trials around adoption,” Tanveer Kapadia, partner at Boston Consulting Group, told Bloomberg. “Now they are getting more actively involved.”  

GOOGL Retail View 

Retail sentiment on Stocktwits was ‘extremely bullish,’ and message volumes were ‘high.’ 

The stock has gained 23.4% year-to-date. 

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