GOOGL ▲ +0.4% - Alphabet Inc. PENTAGON IN TALKS TO LEND ROUGHLY $5B TO AI CLOUD STARTUP FLUIDSTACK The money would come from the Pentagon's Office of Strategic Capital, which lends to companies in areas deemed critical to national security, per WSJ. A $5B loan would be by far the office's largest to date. The deal has not been finalized and terms could change. luidstack would use it to shore up US supply chain nd manufacturing capacity for data-center components rather than fund a new facility. It is being advised by Erebor Bank, founded by Palmer Luckey. A Pentagon spokesman said the department does not comment on pending transactions. Fluidstack recently raised $1.5B at an $18B valuation, per one person familiar. Much of its demand comes from a partnership with Google $GOOGL and Anthropic. Alphabet rose 0.4% as reports surfaced that the Pentagon is in talks to lend roughly $5 billion to AI cloud startup Fluidstack, which derives much of its demand from partnerships with Google and Anthropic. The potential loan, which would be the Pentagon's Office of Strategic Capital's largest to date, underscores growing government support for domestic AI infrastructure—a sector where Google maintains significant competitive positioning through its cloud and AI services. 10-SEP-2026 06:03 PM ET