Cloud computing startup Crusoe CEO Chase Lochmiller said the company plans to purchase roughly $400M worth of AI chips from Advanced Micro Devices (AMD) to add to its portfolio of computing power, reported Reuters’ Max Cherney. Crusoe is aiming to build a data center to house the AMD AI chips in the U.S. and will rent them to customers for building AI models and running applications, notes the report, which adds that the artificial intelligence data center builder plans to purchase roughly 13,000 MI355X chips and use a liquid cooling system.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AI Daily: Disney, Universal sue Midjourney for copyright infringement
- AMD EPYC Deal Offers ‘Leadership Performance’ to Nokia
- Saudi Arabia brings in Cisco, AMD for AI cloud project, Information says
- Option traders moderately bearish in Advanced Micro Devices with shares down 2.17%
- Intel or AMD: Billionaire Israel Englander Doubles Down on One AI Chip Stock