Banks Arrange $22 Billion Chip Loan for Blackstone, Alphabet Cloud Venture
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, according to Bloomberg.
The financing is the latest mega-debt deal aimed at funding the expensive processors used in artificial intelligence.
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, according to Bloomberg.
The financing is the latest mega-debt deal aimed at funding the expensive processors used in artificial intelligence.