Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet
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A group of 10 banks is providing a $22 billion chip loan to support Blackstone Inc. and Alphabet Inc.’s new cloud venture Crux AI. This marks the latest mega-debt deal in the race to finance the expensive processors crucial to artificial intelligence.
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“A group of 10 banks is providing a $22 billion chip loan to support Blackstone Inc.”
Bloomberg — Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet