THE DIGITAL INSURER · AI BEYOND INSURANCE
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AI in Insurance
SpaceX has made a binding commitment to a master finance lease of about $40bn with an Apollo-managed entity, which will buy Nvidia Vera Rubin chips and related equipment and lease them to SpaceX. Apollo calls it the largest committed GPU financing. The deal is subject to closing conditions and is expected to close before the end of 2026.
Source: Apollo Global Management
Barclays seeks default protection from insurers on over $10bn of debt financing AI data centres.
Bank of America tells customers they stay responsible for activity by AI agents given access to their accounts.
Meta plans a $95bn two-part stock offering to cover AI spending, as Musk warns smaller AI startups face collapse.
SEBI's compliance 2.0 package for brokers puts AI rules in focus.
