Market Chatter: Pentagon in Talks to Lend $5 Billion to AI Startup Fluidstack

MT Newswires Live

Yesterday

The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack, the Wall Street Journal reported Thursday, citing people familiar with the matter.

The loan would come from the Pentagon's Office of Strategic Capital, which finances companies in sectors deemed critical to US national security, according to the report.

A $5 billion loan would be by far the office's largest to date, the report said, citing the people.

Fluidstack would use the loan to shore up US supply-chain and manufacturing capacity for certain components related to data centers, rather than to fund a new AI facility outright, the Journal reported.

The company is being advised on its loan application by Erebor Bank, a newly chartered national bank founded by entrepreneur Palmer Luckey, the Journal reported.

The Pentagon and Fluidstack did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARTY","symbol_name":"ISHARES FUTURE AI & TECH ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666190195","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666190195","pubTimestamp":1789082307,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}