Banks reportedly provide $22 billion loan for Crux AI TPU purchases

Published Wednesday, September 16, 2026 · 7:07 PM EDT

Bloomberg reported that a group of 10 banks is providing a $22 billion chip loan to support Crux AI, the cloud venture of Blackstone and Alphabet. The funding is intended for TPU purchases. Crux AI provides compute for AI laboratories, according to the report.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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