Coatue and MatX in talks on multibillion-dollar chip-financing venture, The Information reports
The Information says Coatue is discussing financing billions of dollars of chip and memory capacity for MatX as AI startups compete for increasingly scarce hardware supply.
TLDR
The Information reports that Coatue Management is in talks to form a joint venture involving MatX, an AI chip startup, to finance billions of dollars of chip and memory capacity. It describes the talks as an example of investment firms and tech companies devising new structures to work around the AI boom’s financial and hardware supply constraints.
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