Signal

Sources: a group of 10 banks is providing a $22B loan to Blackstone and Alphabet's venture Crux AI, which provides compute for AI labs, to fund TPU purchases

First reported by Bloomberg ·

The signal ●●●● Brief pending · reported by Bloomberg, Techmeme, Pulse 2.0, DatacenterDynamics, RuntimeWire and 2 more
What happened

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...

Source description shown. AI brief pending.