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AI News from ET - Apollo, xAI near $3.4 billion deal to fund AI chips: Report

Vishwadeep Khatri
in AI News & Two Lenses

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Apollo Global Management is close to a significant deal. A roughly $3.4 billion loan is being finalised. This loan will fund an investment vehicle. The vehicle plans to purchase Nvidia chips. These chips will then be leased to Elon Musk's AI company, xAI.

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