Elon Musk’s xAI and Apollo close to $3.4 billion financing for Nvidia AI chips
Feb 9, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan

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Apollo Global Management is on the verge of finalizing a $3.4 billion loan for an investment vehicle that plans to buy Nvidia AI chips and lease them to xAI, Elon Musk’s artificial intelligence company. That’s according to a person familiar with the deal, who allegedly spoke to The Information. The agreement could be wrapped up […]

