A 5 billion dollar Pentagon loan to an AI startup nobody has heard of
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A 5 billion dollar Pentagon loan to an AI startup nobody has heard of
Five billion dollars. That is what the Pentagon Office of Strategic Capital is reportedly prepared to lend Fluidstack, a New York-based AI cloud computing startup, according to the Wall Street Journal report published September 10.
Key Takeaways
- Pentagon Office of Strategic Capital in talks to lend roughly 5 billion dollars to AI cloud startup Fluidstack
- The loan targets US data centre component supply chains, not a single new facility
- Palmer Luckey Erebor Bank is advising on the deal, which has not been signed
- The move signals the US treats AI compute infrastructure as a national security asset
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