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AMD to Backstop $300 Million Crusoe Loan, Following Nvidia PlaybookExclusive

AMD to Backstop $300 Million Crusoe Loan, Following Nvidia Playbook

Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips. AMD will effectively guarantee a $300 million loan for data center and cloud startup Crusoe to purchase AMD’s AI chips and install them in a data center in Ohio. The loan from Goldman Sachs will be backed by the chips and related equipment, said people with knowledge of the deal.

AMD Backstops $300 Million Crusoe Loan

The deal mirrored similar agreements AMD’s bigger rival Nvidia has struck with cloud upstarts like CoreWeave.

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