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Source: Apollo nears a ~$3.4B loan deal to a Valor-led investment vehicle to buy Nvidia chips for leasing to xAI; through fall 2025, xAI was burning $1B+/month

Apollo Global Management, one of Wall Street's biggest private credit firms, is nearing a deal to lend about $3.4 billion …

The Information Miles Kruppa

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  • @djlavoie D Lavoie on bluesky
    How does this investment vehicle help anyone other than Nvidia and Apollo?  Why would xAI add another layer of fees to its infrastructure? [embedded post]