Upper90 Lends $400 Million Against AI Inference Chips, Not NVIDIA GPUs
Upper90 provided a $400 million loan, using AI inference chips as collateral instead of the traditional NVIDIA GPUs. This financing structure suggests a growing market for alternative AI compute hardware and a new asset class for debt financing.
So What
A new financing model emerges for AI compute, allowing non-NVIDIA AI inference chips to serve as collateral for significant debt funding.