This article first appeared on GuruFocus.
Alphabet (GOOGL, Financials) is expanding its AI reach through a new Google Cloud partnership with private equity firm EQT.
The deal gives more than 300 EQT portfolio companies access to Google Cloud’s AI tools, including the Gemini Enterprise Agent platform, along with cybersecurity services.
For EQT, the goal is practical. Its companies operate across areas such as enterprise software, healthcare and other industries, and many are trying to figure out how to use AI without slowing daily operations.
Google engineers will work with EQT’s AI transformation team to help portfolio companies build and deploy AI tools. The companies will also get access to Google Cloud’s partner network, which includes consultants from firms such as Accenture, Deloitte and KPMG.
For Google Cloud, the agreement opens the door to hundreds of business customers at once. It also gives portfolio companies a chance to sell their own software through Google Cloud’s online marketplace.
The deal follows similar Google Cloud agreements with Vista Equity Partners and Thoma Bravo, showing how major cloud providers are using private equity networks to expand AI adoption.
For investors, the partnership points to a growing revenue opportunity for Alphabet as companies move from AI testing to real-world deployment.
