NVIDIA-backed GPU compute loan draws higher demand from GMI Cloud
GMI Cloud sought about $439M for an AI data-center GPU project in Taiwan, with roughly a dozen banks already committed about $947M; total demand could reach about $1.26B.
NVDA NVIDIA-BACKED GPU LOAN DRAWS 2X DEMAND GMI Cloud sought ~$439M to finance NVDA GPUs for an AI data center in Taiwan, but around a dozen banks have already committed ~$947M.
Demand could ultimately reach ~$1.26B.
It's one of Asia's first major loans backed by future GPU-compute revenue.
NVIDIA will supply the GPUs and lease any unused compute capacity at an agreed price for up to six years, effectively providing lenders a revenue floor.
If GMI sells that capacity to other AI companies at higher prices, NVIDIA gets 50% of the upside revenue.
Fireworks AI has already signed a four-year compute deal at a price above NVIDIA's floor.