Apollo, xAI near $3.4 billion deal to fund AI chips, the Information reports
ReutersFeb 9, 2026 2:08 PM
Feb 9 (Reuters) - Apollo Global Management APO.N is nearing a deal to lend about $3.4 billion to an investment vehicle that will purchase Nvidia NVDA.O chips and lease them to Elon Musk's xAI, the Information reported on Monday, citing a person familiar with the matter.
SpaceX and xAI did not immediately respond to Reuters requests for comment.
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