Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture, Bloomberg News reports

GOOGL•2026-09-16

Banks back chip loan for new cloud venture

Sept. 16 (Reuters) - A group of 10 banks is providing a $22 billion chip loan to support Blackstone and Alphabet's new cloud venture Crux AI, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture, Bloomberg News reports

Banks back chip loan for new cloud venture

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