Sources: Apollo nears a $3.4B loan deal to a Valor-led investment vehicle to buy and lease Nvidia chips to xAI; through fall 2025, xAI was burning $1B per month (Miles Kruppa/The Information)

Miles Kruppa / The Information:
Sources: Apollo nears a $3.4B loan deal to a Valor-led investment vehicle to buy and lease Nvidia chips to xAI; through fall 2025, xAI was burning $1B per month  —  Apollo Global Management, one of Wall Street's biggest private credit firms, is nearing a deal to lend about $3.4 billion …

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