Overview
- The Information reports Apollo Global Management is close to lending about $3.4 billion to an investment vehicle that will purchase Nvidia GPUs and lease them to xAI.
- The arrangement is designed to expand xAI’s AI infrastructure without large upfront equity spending, according to the report.
- Nvidia’s high-performance chips are described as essential for running advanced AI training and inference workloads.
- The deal structure highlights growing private-credit financing for technology infrastructure tied to artificial intelligence.
- The report cites a person familiar with the discussions rather than on-the-record confirmation by the companies involved.