AMD agreed to effectively guarantee a $300 million loan for Crusoe, a data center and cloud startup, to purchase its AI processors. The chipmaker is mimicking rival Nvidia's strategy by promising to rent the hardware itself if the firm fails to find customers. Goldman Sachs facilitated the financing as AMD is striving to capture a larger share of the data center market. Crusoe is currently installing the chips in an Ohio facility ahead of a potential public listing.
AMD backstops $300 million loan for Crusoe to boost AI chip sales
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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