Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet
A consortium of 10 banks provided a $22 billion loan for chip purchases to support the new cloud project Crux AI, created by Blackstone and Alphabet. It is one of the largest debt deals in the AI infrastructure financing race.
- 10 banks issued a $22 billion loan for chips
- Funds will support cloud project Crux AI
- Project created by Blackstone and Alphabet
- One of the largest debt deals in AI infrastructure
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