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Tom’s Hardware
Tom’s Hardware
Technology
Andrew E. Freedman

AMD's AI chips to be used as debt collateral in $300 million loan, report says — Cloud startup to use chips in Ohio datacenter

AMD Crusoe Ohio Goldman Sachs Nvidia HPE The Information
AMD Instinct GPUs in a rack.

AMD's AI chips will be used as debt collateral in a deal to financially support a cloud startup buying the company's processors, The Information reports. It's the first known occurrence of the practice with AMD's chips, creating a circular deal similar to those that Nvidia has been making to increase GPU sales.

The $300 million loan from Goldman Sachs to the cloud startup Crusoe will be used to buy AMD's AI chips (the reporting doesn't specify which chip will be used, though presumably it will be a member of the Instinct MI450 series). Those chips will be used in a datacenter in Ohio.

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(Image credit: Microsoft)
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