SpaceX closes $40 billion debt deal for AI chips, Elon Musk says
Elon Musk said on X that SpaceX has closed $40 billion in debt financing to buy GPUs.
Elon Musk said on X that SpaceX has closed $40 billion in debt financing to buy GPUs.
SoftBank Group is reported to be planning a $50 billion investment in Malaysia's technology sector, covering artificial intelligence and data centers.
Driven by artificial intelligence, the data center market is booming, and worldwide spending is expected to exceed $2 trillion in 2028.
At PyTorch Conference North America 2026, Google and Meta released TorchTPU, a native PyTorch backend for Google's TPUs, and Meta said it plans to shift larger LLM workloads onto TPUs with it. AWS released TorchNeuron for Trainium the same week, while developers questioned TPU availability and where vendor lock-in now lies.
Big tech companies are taking on ever more debt to fund vast AI infrastructure. The gap between the billions spent and the revenue expected is testing investor confidence.
Google has open-sourced ML Drift, a cross-platform GPU compute engine for on-device AI and machine learning inference, under Apache 2.0. It hides the differences between GPU hardware and low-level APIs and supports OpenGL ES, OpenCL, Metal and WebGPU.