AI platform raises $225M debt to buy Nvidia chips - Breaking The News

AI platform raises $225M debt to buy Nvidia chips

27 March

1 min read

PA-EFE/CJ GUNTHER

Nvidia-linked AI cloud platform and data center provider Crusoe raised $225 million in debt to finance the purchase of Nvidia chips, in a bid to meet the growing demand for its AI business.

The credit was provided by Upper90 Capital Management, an asset-backed private credit firm based in New York. According to a statement from the credit firm, the funds will be used to finance the expansion of Crusoe's cloud services and "accelerate AI development for every company."

Crusoe CEO stated that the company plans to obtain Nvidia's Hopper chips that will be used for one of its data centers.

nvidia ai artificial intelligence chips

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