Bond traders have increased credit risk measures for Broadcom Inc. as it backstops mega AI financing packages, with yields on its 5.15% bonds due 2031 rising about 14 basis points in August and five-y…
Nvidia Corp. CEO Jensen Huang announced a $500 billion initiative with Goldman Sachs Group Inc., Blackstone Inc., Apollo Global Management Inc., KKR & Co., BlackRock Inc., and Brookfield to finance AI…
CoreWeave's second-quarter revenue more than doubled to $2.58 billion, beating analyst estimates, as CEO Michael Intrator said near-term capacity is 'effectively sold out' and the company's revenue ba…
Nvidia Corp. has partnered with Apollo Global Management Inc., BlackRock Inc., Blackstone Inc., Brookfield Corp., Goldman Sachs Group, and KKR & Co. Inc. to invest $500 billion in global AI infrastruc…
Blackstone Inc. has held early discussions with investors to gauge interest in a second mega debt package of at least $36 billion to finance Anthropic PBC's use of chips from Alphabet Inc.'s Google, a…
Power utilities across the US are strained by AI data centers, and developers are now tapping banks for letter-of-credit facilities to guarantee billions in grid upgrade costs, with Switch Inc. securi…
Blackstone Inc. reported a 26% jump in distributable earnings to $1.97 billion for the second quarter, beating analysts' estimates of $1.66 billion, driven by profits from exits and artificial intelli…
Wall Street banks including Bank of America Corp. and Morgan Stanley have begun trading parts of a $35 billion financing package for Broadcom Inc. and Anthropic PBC's AI infrastructure expansion, with…
Wall Street banks are turning to US leveraged loans to finance the AI buildout, with QTS Realty Trust LLC, a Blackstone Inc. unit, tripling a proposed loan to $3.25 billion and scrapping a $1 billion …
Norm Ai, an AI legal startup, raised $120 million in a funding round led by Khosla Ventures, valuing the company at $1.2 billion. The startup operates its own law firm, Norm Law, which charges clients…
Apollo Global Management and Blackstone Inc. have finalized a $35 billion deal to acquire a stake in Anthropic, the artificial intelligence company behind the Claude chatbot. The investment marks one …
Apollo Global Management and Blackstone Inc. have finalized a $35 billion funding deal to support Anthropic’s expansion in AI infrastructure, including computing and data centers. The investment aims …