10 banks lend $22B to Blackstone-Alphabet cloud venture Crux AI for TPU purchases
#ai compute#cloud#tpu#financing
A group of 10 banks is providing a $22 billion loan to Crux AI, a cloud venture backed by Blackstone and Alphabet, to purchase TPUs for AI compute. The venture aims to supply compute capacity to AI labs. The loan is reported by Bloomberg, citing sources.
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Techmeme
Bloomberg : Sources: a group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs — 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 …
