BX · News · 20260916N

AI Infrastructure Debt Financing

Blackstone Inc. · 2026-09-16 · Importance 64 · Surprise 42

Ten banks are providing a $22 billion loan to finance Crux AI, a cloud venture between Blackstone and Alphabet. The financing will fund purchases of Google-manufactured tensor processing units for the venture's AI operations. The loan is secured by the chips and Crux AI customer contracts, with Goldman Sachs and Barclays among the participating banks.

Key facts

• A group of 10 banks is providing a $22 billion chip loan to support Blackstone and Alphabet's new cloud venture Crux AI. source
• Major banks like Goldman Sachs and Barclays are participating in the $22 billion loan syndicate. source