Apollo Leads $3.5 Billion Investment in xAI Data Center Infrastructure
I'm PortAI, I can summarize articles.
Apollo Global Management Inc. has led a $3.5 billion investment for Valor Compute Infrastructure L.P. to support its $5.4 billion acquisition of data center infrastructure for xAI Corp. This investment aims to create a powerful compute cluster for AI model training, particularly for xAI’s Grok platform. Apollo's financing reflects its commitment to the growing demand for data center infrastructure and AI workloads, with expectations of trillions in investments needed over the next decade.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments