According to insiders familiar with the deal, Coatue Management is in talks with startup MATX to establish a joint venture to finance the purchase of memory chips and logic chips and the production capacity of chip makers. The potential joint venture is discussing a multi-billion dollar capital injection. Coatue is discussing forming this joint venture because it is looking for new ways to finance AI infrastructure. In addition to the joint venture, Coatue is also discussing participating in MATX's new funding round, which will at least double its valuation of around $4 billion. matX has developed a chip that can simultaneously process AI model training and inference.

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