Apollo Global Management is on the verge of securing a $3.4 billion loan to purchase Nvidia chips, which will be leased to Elon Musk's AI company, xAI. According to NS3.AI, xAI has recently integrated with SpaceX and is actively recruiting cryptocurrency experts to develop AI trading models that focus on blockchain data and quantitative strategies. Despite a recent 7% decline over the past 30 days, Apollo's shares increased by 1% following the announcement of the deal, while Tesla's stock also saw a slight rise.