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Here's your morning TNB Tech Minute for Tuesday, May 19th.

I'm Danny Lewis for the Wall Street Journal.

We exclusively report that Google and Blackstone plan to create a new artificial intelligence cloud company rivaling

the likes of CoreWeave. The two companies say they expect to launch the unnamed company with

$5 billion in equity capital from Blackstone. The venture aims to bring 500 megawatts of capacity

online in 2027, about the same amount of electric power required to serve a mid-sized city

and substantially increase capacity over time. The new company is Google's biggest attempt yet

to sell and monetize its own specialized chips to external parties,

sharpening its competition with AI computing market leader, Nvidia.

Electric vehicle owners could soon face an annual nationwide registration fee to chip in for road repairs.

That's if a proposed bill in the House of Representatives becomes law.

The bipartisan legislation is part of a funding bill

for highway infrastructure and is intended to substitute for the gas tax that contributes about

$30 billion a year to maintain the interstate highway system, which EV owners don't pay. The bill

proposes charging an annual fee to EV owners that would rise every two years until it hits $150.

...