AI inference startup General Compute has secured a $400 million loan, marking the first instance of a financing deal using an inference-specific chip as collateral.

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BlockBeats News, July 17th, General Compute, a startup focusing on AI inference, recently secured a $400 million loan from Upper90, marking the first financing deal using an inference-specific chip as collateral. The company utilizes the SambaNova ASIC chip to build a dedicated cloud platform.

General Compute completed a $15 million seed round in May, aiming to offload AI workloads with faster token processing speed and lower latency than traditional GPU clouds, deployed in existing data centers, including cryptocurrency mining facilities.

Source: BlockBeats

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