GMI Cloud secures NT$30b in commitments for GPU-backed loan in Asia
GMI Cloud, an Nvidia partner, has received commitments of about NT$30 billion (US$947 million) from a dozen banks for a loan backed by GPU computing power sales, more than double its initial target. The funds will be used to purchase advanced chips for an AI data center in Taiwan, with Nvidia guaranteeing a revenue floor by leasing unused capacity.