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Blackstone, Coatue Grant $10 Billion Loan to Australia AI Firm

Blackstone Inc.-led funds and technology investment firm Coatue Capital LLC are providing a $10 billion loanBloomberg Terminal to back the data center rollout of Australian startup Firmus Technologies Pty., in one of the country’s largest private credit financings. The debt will fund the next phase of Firmus’ artificial intelligence factory platform expansion, backed by chips from Nvidia Corp, according to a company announcement Monday. The AI infrastructure firm plans to construct data centers...

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