AMD's AI chips to be used as debt collateral in $300 million loan, report says — Cloud startup to use chips in Ohio datacenter

AMD's AI chips will be used as collateral in a $300 million loan to support a cloud startup purchasing the processors for a datacenter in Ohio. This move mirrors Nvidia's strategy to boost GPU sales through similar deals. AMD will act as a guarantor for the loan, agreeing to rent the chips if other customers are not found. Crusoe, the cloud startup, focuses on building data centers with environmentally friendly energy sources. This deal adds to AMD's growing presence in the AI market, following significant agreements with companies like OpenAI and HPE.