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Chips & ComputeBusiness & Enterprise

Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet

Bloomberg
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Ten banks are jointly providing a $22 billion loan to back Blackstone and Alphabet's new cloud venture, Crux AI, to fund costly AI processors. This financing marks a significant move in the competitive AI chip market.
#alphabet-inc#blackstone-inc#cloud-computing#crux-ai

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