Startups are using Nvidia's AI GPUs as collateral to secure loans up to $10B
Summary
Startups are leveraging the high value and demand of Nvidia's AI GPUs by using them as collateral to secure loans totaling up to $10 billion from financial institutions. This trend highlights both the critical role of advanced GPUs in AI development and the growing financialization of AI hardware, potentially accelerating innovation but also introducing new risks to the sector.