Consortium lines up $22B loan for Crux AI venture
If confirmed, the reported $22B debt facility would be a large-scale financing backing a new AI cloud venture jointly formed by Blackstone and Alphabet.
A group of major global financial institutions is arranging a $22-billion loan to support Crux AI, a newly launched artificial intelligence cloud venture created by Blackstone Inc. (BX) and Alphabet Inc. (GOOG, GOOGL), The debt package would be among the largest of its kind.