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Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say

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Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say

Business News Tech AI Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say

Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say

One of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and that the debt is meant for chips leased to customers that do not have investment-grade ratings.

Super Micro-backed cloud computing firm Argentum AI is in talks to secure a $5 billion financing deal for AI chips with a major private credit firm, according to two people familiar with the matter. One of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and that the debt is meant for chips leased to customers that do not have investment-grade ratings. Argentum has secured more than $12 billion in contracted revenue, the person said.

The deal comes as financing for neoclouds, which rent out AI computing power to other companies, has tightened. Elon Musk wrote on X on Sunday that debt markets have almost entirely shut off access to money for companies without substantial revenue independent of AI data centers . " SpaceX secured $40 billion of debt for chips with an affiliate of Apollo Global Management on Monday. Musk credited the rockets-to-AI firm's investment-grade rating and its Starlink and launch revenue. 5 billion financing facility ‌from Citi to fund the continued development of its data centers and GPU purchases as it races to expand capacity.


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