TechCrux AI reportedly lining up $22 billion loan from 10 banks for Google TPUs
Pulse2.com, citing Bloomberg, reports that the new cloud computing venture tied to Blackstone and Alphabet is arranging financing to buy Google's custom AI chips.
TLDR
Crux AI is lining up a $22 billion loan from 10 banks to buy Google's custom AI chips, Pulse2.com reports, citing Bloomberg. The new cloud computing venture is tied to Blackstone and Alphabet. Pulse2.com describes the planned deal as one of the largest debt financings assembled specifically for processors needed for AI computing infrastructure.
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Crux AI reportedly lining up $22 billion loan from 10 banks for Google TPUs
Pulse2.com, citing Bloomberg, reports that the new cloud computing venture tied to Blackstone and Alphabet is arranging financing to buy Google's custom AI chips.
TLDR
Crux AI is lining up a $22 billion loan from 10 banks to buy Google's custom AI chips, Pulse2.com reports, citing Bloomberg. The new cloud computing venture is tied to Blackstone and Alphabet. Pulse2.com describes the planned deal as one of the largest debt financings assembled specifically for processors needed for AI computing infrastructure.