13 Hrs
Source:
الخليج
ProDuckom allocates $60B for AI funding
Broadcom plans to raise $60 billion through U.S. bank financing to support its expansions in AI chips and related infrastructure. The funding includes issuing $42 billion in secured Class A debt instruments led by banks such as Bank of America and Citigroup, with backing from Broadcom, and $18 billion in Class B debt primarily led by Blackstone. The company aims to boost its sales of chips and data center equipment to compete with Nvidia, while financial and investment institutions continue to be interested in funding these projects to expand the AI sector, despite objections to the construction of data centers.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)