Zankore Secures $3.1 Billion in GPU Financing Amid Surge in AI Demand Across Asia

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Zankore closed a $3.1 billion GPU financing deal backed by NVIDIA, with Citigroup as the sole debt advisor. The transaction involved Citigroup, ING, Natixis, Qatar National Bank, and UOB. As altcoins to watch gain attention, the deal underscores the growth of AI infrastructure in Asia. The funding will support chip purchases amid rising demand.
ME AI News: Indonesian AI infrastructure platform Zankore signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, supported by NVIDIA, highlighting the surging demand for computing power in Asia. According to Zankore’s statement, Citigroup, ING, Natixis, Qatar National Bank, and UOB underwrote the loan, one of Asia’s largest AI infrastructure financings to date. Citigroup served as the sole debt advisor for the transaction. GPU financing is becoming the next frontier for AI lenders, as banks and private credit firms move beyond data centers to focus on the hardware that powers them. In Asia, bank-led deals have been scarce due to uncertainties around chip residual values and geopolitical risks stemming from U.S.-China technological competition. (FinSect) (Source: MLion)
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