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

_Published Wednesday, September 16, 2026 at 7:07 PM EDT · AI, Products · Latest · Tier 1 — Major_

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.

## Sources

- [Techmeme](https://www.techmeme.com/260916/p47#a260916p47)

---
Canonical: https://techandbusiness.org/newswire/TGNIFJzwsdQZ69VWstyPM7
Published: 2026-09-16T23:07:05.475Z
Story chronology: 2026-09-16T22:20:01.000Z
Retrieved: 2026-09-17T00:55:00.673Z
Publisher: Tech & Business (techandbusiness.org)