Sep. 17 at 12:49 PM
$SIMO GOOG inks big TPU deal. Now we just need SIMO to win the boot drive contract...
Banks provide
$22 billion chip loan to Blackstone, Alphabet AI cloud venture, source says.
The deal comes as demand for computing power drives investment in data centers, specialized chips and electricity, requiring tech companies to secure billions of dollars to build out AI infrastructure.
Google and Blackstone announced the venture in May, saying they would form a cloud business to meet the growing demand for AI computing services. The venture plans to bring its first 500 megawatts of capacity online in 2027.
Crux AI, which formally launched last week, has secured an initial
$5 billion equity investment from Blackstone, while Google will provide its custom Tensor Processing Units, software and services...