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Chip Financing

All articles tagged with #chip financing

technology1 month ago•5 min saved

Apollo and Blackstone back Anthropic with $35B AI chip financing

Apollo Global Management and Blackstone-led $35 billion private credit deal finances Anthropic’s growth and its purchase of Alphabet-developed chips (TPUs) in a three-tranche structure backed by Broadcom, marking one of the largest private fundraisings for AI infrastructure amid a buoyant but increasingly scrutinized AI market.

via Financial Times|

#anthropic #apollo-global-management #artificial-intelligence

business5 months ago•6 min saved

Apollo Readies $3.4B Chip Financing for Elon Musk’s XAI

Apollo Global Management is nearing a roughly $3.4 billion loan to a vehicle that will buy Nvidia chips and lease them to Elon Musk’s XAI (which has merged with SpaceX), marking Apollo’s second major financing for the XAI chip venture, which aims to raise about $5.3 billion in equity and debt.

via The Information|

#apollo-global-management #business #chip-financing