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
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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