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

Bloomberg Technology Wednesday 16 September 2026, 19:38 UTC By Paula Seligson, Preeti Singh and Michelle Cheng 1 min read

Key Points

A group of 10 banks is providing a $22 billion chip loan to support Blackstone Inc. and Alphabet Inc.’s new cloud venture Crux AI, the latest mega-debt deal in the race to finance the expensive processors crucial to artificial intelligence.

Blackstone (ORG) Alphabet A (ORG) Blackstone Inc. (ORG) Alphabet Inc.’s (ORG) Crux AI (ORG)

Originally published by Bloomberg Technology Read original →

Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture, Bloomberg News reports Sept 16 : A group of 10 banks is providing a $22 billion chip loan to support Blackstone and Alphabet's new cloud venture Crux AI, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The banks include Goldman Sachs Group, Sumitomo Mitsui Banking Corp, Barclays, BNP Paribas SA and Bank of Nova Scotia, the report said.

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

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