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Deep & Emerging Tech·September 16, 2026·1 min read

Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet

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A $22 billion syndicated loan for Crux AI’s chips means AI compute is now financed like power plants and airports — long-dated, asset-backed, banked by consortia. If you’re planning large-scale AI infra, start thinking in project finance terms and expect your lenders to underwrite power, utilization, and resale value, not just cloud invoices.