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Pentagon reportedly in talks to lend roughly $5B to Fluidstack, advised by Palmer Luckey's Erebor Bank
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The Pentagon is reportedly in talks to lend about $5 billion to AI infrastructure company Fluidstack, which is receiving loan application advice from Palmer Luckey's Erebor Bank.
A $5B Pentagon loan to a neocloud would signal significant government backing for private AI infrastructure, potentially affecting compute availability and pricing for engineers. The involvement of Erebor Bank, founded by Palmer Luckey, adds a notable figure to the deal. Engineers building on Fluidstack's cloud may see changes in capacity or terms if the loan goes through.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
The Pentagon is reportedly negotiating a roughly $5 billion loan to neocloud Fluidstack.
Fluidstack's loan application is being advised by Palmer Luckey's Erebor Bank.
The report originates from the Wall Street Journal, citing sources.
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