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Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture, Bloomberg News reports
Source: reuters.com
Artificial IntelligencePrivate Markets & VentureBanking & LiquidityTechnology & Innovation
A consortium of 10 banks is providing a $22 billion chip loan to support Crux AI, a new cloud venture involving Blackstone and Alphabet, according to Bloomberg. The financing signals substantial institutional backing for AI-cloud infrastructure and could support significant semiconductor and data-center investment.
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