AMD to backstop $300 million Crusoe loan, The Information reports
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Feb 19 : Advanced Micro Devices is set to provide a $300 million loan guarantee for cloud computing startup Crusoe to buy and deploy its AI chips, The Information reported on Thursday, following in the footsteps of rival AI giant Nvidia . AMD backstopped the deal by offering to lease back its own chips from Crusoe if the startup is unable to secure customers such as AI developers, The Information said, citing people with knowledge of the deal. The loan from Goldman Sachs will be backed by the
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