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Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet
Source: Bloomberg
Artificial IntelligenceCredit & Bond MarketsBanking & LiquidityTechnology & Innovation
A 10-bank syndicate is providing a $22 billion loan to fund Blackstone and Alphabet's new cloud venture, Crux AI, underscoring the massive debt-financing needs for AI chips and data-center infrastructure. The transaction highlights continued institutional willingness to finance large-scale AI compute buildouts and could support demand across the semiconductor, cloud, and private-credit ecosystems.
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