AIQuartzabout 2 hours ago
JPMorgan Goldman Limit Volta AI Loan
2 min read
JPMorgan and Goldman Sachs limit exposure on Volta's $5 billion AI loan package, underwriting only $1.3 billion while leaving a $3.7 billion chip loan unbacked. The deal carries an 11% yield due October 14, reflecting bank caution after 2022 losses.
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