BX · News · 20260916N

AI Infrastructure Financing

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

A syndicate of 10 banks is providing a $22 billion loan to finance Crux AI, a new cloud venture between Blackstone and Alphabet. The financing will fund purchases of Google-manufactured tensor processing units and is described as one of the largest debt deals for AI operations. The loan is secured by the chips and Crux AI customer contracts, with Goldman Sachs and Barclays among the participating banks.

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