Apollo, xAI near $3.4 billion deal to fund AI chips, The Information reports
billion-deal-to-fund-chips-the-nformation-reports'>Apollo, xAI near $3.4 billion deal to fund AI chips, The Information reports is drawing significant interest across the industry.
Apollo Global Management is close to finalizing a roughly $3.4 billion loan to an investment vehicle that plans to buy Nvidia chips and lease them to Elon Musk's xAI, The Information reported on Monday, citing a person familiar with the matter.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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