TNW | Nvidia
Nvidia talks to insurers about loans backed by its AI chips, FT reports
Nvidia has talked to insurers about sharing the risk of loans backed by its AI chips, the FT reports. One idea would cover loans to neoclouds.
Via TNW | Nvidia
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Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report.
One idea would insure loans to smaller cloud providers, known as neoclouds, that pledge Nvidia chips as collateral. If a borrower defaults and the resold…
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