Moneyiar
menu

Bullish Commits $100 Million to USD.AI for GPU-Backed AI Lending

Bullish is extending a $100 million debt facility to USD.AI to finance loans backed by GPUs used in artificial intelligence infrastructure, CoinDesk reported. USD.AI’s related crypto asset trades under the ticker CHIP.

CoinDesk 2 unique views
Bullish Commits $100 Million to USD.AI for GPU-Backed AI Lending
Cryptocurrency platform Bullish is providing USD.AI with a $100 million debt facility to support loans secured by graphics processing units (GPUs), according to CoinDesk. The financing is intended to help fund artificial intelligence infrastructure through GPU-backed lending. The arrangement links digital-asset market participants with financing for computing equipment used in AI-related infrastructure. USD.AI is the recipient of the facility, while Bullish is supplying the debt financing. The announcement highlights continued activity at the intersection of cryptocurrency platforms, digital-asset financing and demand for AI computing infrastructure. The related USD.AI asset is listed under the ticker CHIP.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
Read original source ↗

Related news

Based on this story’s market and assets

Comments